Sourcing
in the apparel and footwear space is a monumental
task and the costing of thousands of products
each season, spanning multiple categories (often
across multiple brands) with multiple agents
and factories around the world, increases the
difficulty to effectively manage this key component.
Costing has a significant effect on net margin,
total store sales, inventory levels, sell-through,
and shopper satisfaction. If that isn't enough
to keep you up at night think of the competitive
impact it has too when consumer dollars are
so scarce.
Sourcing teams
need to choose their suppliers based on pricing
and performance. The complexity of this process
is simplified
by connecting all of the parties and consolidating
the product, supplier and costing
information into a single solution. At this
point in the process, sourcing teams need to
determine estimated costing for each style.
Unifying
this information with an established process,
the
Source module provides an online
costing tool that will enable better buying decisions
that have a bottom line effect
on margins, time to market and product quality.
With all of this complete, the adopted plan can
move ahead to the next step in the process using the
Order module.