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TradeCard Platform to optimize sourcing operations of Goody's
18 Jan '07
3 min read
TradeCard Inc announced that retailer Goody's Family Clothing has selected the TradeCard Platform to optimize sourcing operations and drive business growth by automating transactions and improving working capital.
Vendor financing capabilities provided by TradeCard will help Goody's improve working capital and lower its vendors' costs. TradeCard will support Goody's overall strategy to increase margins, improve communications with suppliers and streamline sourcing and procurement processes.
“TradeCard will support our business growth plans by automating the order to payment settlement process in a way that improves communication with our suppliers while providing online access to collaborative finance tools,” said David Peek, CFO at Goody's. “TradeCard gives us a single point of visibility into the total supply chain. The global trade platform will help us handle higher business volumes while lowering costs and improving cash flow.”
Goody's, based in Knoxville, Tennessee, operates 385 stores in 21 states throughout the southeast US region. Goody's sources from a complement of US, Asian and Middle East suppliers.
“With the right tools in place, retailers can maximize their supply chain to reduce costs while improving their in-stock performance,” said Kurt Cavano, CEO of TradeCard. “Trading on TradeCard will improve Goody's procurement to payment settlement processes, helping them to be more efficient and maintain their costs as they grow.Vendor financing through TradeCard will allow Goody's to assist vendors in lowering capital costs and this benefit will cascade down through the supply chain and result in savings for Goody's.”
Vendor financing capabilities provided by TradeCard will help Goody's improve working capital and lower its vendors' costs. TradeCard will support Goody's overall strategy to increase margins, improve communications with suppliers and streamline sourcing and procurement processes.
“TradeCard will support our business growth plans by automating the order to payment settlement process in a way that improves communication with our suppliers while providing online access to collaborative finance tools,” said David Peek, CFO at Goody's. “TradeCard gives us a single point of visibility into the total supply chain. The global trade platform will help us handle higher business volumes while lowering costs and improving cash flow.”
Goody's, based in Knoxville, Tennessee, operates 385 stores in 21 states throughout the southeast US region. Goody's sources from a complement of US, Asian and Middle East suppliers.
“With the right tools in place, retailers can maximize their supply chain to reduce costs while improving their in-stock performance,” said Kurt Cavano, CEO of TradeCard. “Trading on TradeCard will improve Goody's procurement to payment settlement processes, helping them to be more efficient and maintain their costs as they grow.Vendor financing through TradeCard will allow Goody's to assist vendors in lowering capital costs and this benefit will cascade down through the supply chain and result in savings for Goody's.”
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