Challenges:
Consumers continue to demand innovation, quality and newness in their shopping experience and product selection. The lifespan for many products and assortments has been shortened. Retailers and Distributors are required to continually churn and update their assortments. This can be a lengthy process with an immense cost burden to an organization and will directly reflect in the profitability of the product and the organization.
Solution:
Improving the speed-to-market timelines and enabling retailers and suppliers to develop and review potential products more efficiently is critical to the profitability and success of retail organizations in today’s market. Utilizing the vLinx platform, organizations efficiently manage the volume of information, reduce the number of exchanges between buyers and suppliers and compress the overall negotiation cycle time. The impact; new private label products that are developed in-house are completed faster and more efficiently.
Features:
The vLinx Global Sourcing platform includes:
- Alert and event management
- Open collaboration channels between suppliers, sourcing companies, buyers, internal support groups and external third parties
- Dynamic price translation; multi currency, FOB-LUC
- Public and private supplier product catalogues
- Product Lifecycle Management (PLM); product management from concept through to delivery
- Seamless information exchange with Legacy and ERP systems
The vLinx Advantage:
- All business verticals–Apparel, General Merchandise and Food–are available on one platform with specific workflow and information requirements
- SaaS platform; No IT resources required and no additional costs
- Focused, market specific solution
- International domain knowledge and expertise
- Scalable: Supports an unlimited number of transactions and dollar volume
- Creative company. Flexible and adaptable partner that can support and customize business needs.
