“TradeCard provides a system of record for the supply chain, delivering visibility and process automation that benefit Guess and our trading partners,” said Mike Relich, CIO of GUESS, Inc. “All processes from purchase order through settlement occur in one place. This eliminates errors, confusion and paper intensive processes. Some of our European suppliers were asking us to move onto TradeCard to make their lives easier.”
Previously, GUESS Europe was relying on manual processes and letters of credit to facilitate transactions. The deployment of TradeCard in Europe will eliminate the need for letters of credit and provide an automated environment for communicating with suppliers and trading partners on orders and settlements. GUESS?, Inc. benefits from clear visibility into the status of orders. Suppliers have visibility to know when and how they will be paid.
“Retailers and brands today are using the TradeCard Platform to drive smart business growth,” said Frank Bakker, Vice President, Europe at TradeCard. “Europe is one of Guess’s fastest growing segments. TradeCard helps them scale their business without adding resources and without putting a strain on suppliers.”
GUESS?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, footwear and other related consumer products. GUESS products are distributed through branded GUESS stores as well as better department and specialty stores around the world. As of April 28, 2012, the Company directly operated 503 retail stores in the United States and Canada and 264 retail stores in Europe, Asia and Latin America. The Company’s licensees and distributors operated an additional 828 retail stores outside of the United States and Canada.
Since 1999, TradeCard, Inc. has transformed global supply chain collaboration by boosting visibility, cash flow and margins for over 10,000 brands, retailers, suppliers and service providers operating in 78 countries. TradeCard delivers a cloud-based network that enables complex, multi-enterprise sourcing transactions across multiple layers of the supply chain.
More than 45,000 individual users leverage the TradeCard Platform to streamline transaction flows, from purchase order through production tracking, shipment and payment. Embedded financial services throughout the supply network reduce capital costs and minimize risk. Multi-enterprise collaboration on the platform delivers visibilityinto the movement of goods, from raw materials to the store shelf. TradeCard’s on-the-ground trade experts around the world allow entire supply networks to rapidly join and drive value through the platform.
Textiles | On 29th Apr 2017
The textile sector could have a uniform Goods and Services Tax (GST)...
Textiles | On 29th Apr 2017
European Union (EU) rules are needed to oblige textile and clothing...
Apparel/Garments | On 29th Apr 2017
The forecast for operating income growth in the US over the next 12...
ITME is an occasion not only to receive new leads but also to work on...
Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd
Productivity, creativity and innovation play a vital role in the growth of ...
‘The intimatewear category in India is slowly becoming trend-sensitive.’
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...