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Home / Knowledge / News / Information Technology / Retailers mitigate risk & manage regulatory compliance with TradeStone
Retailers mitigate risk & manage regulatory compliance with TradeStone
05
Jan '10
TradeStone Software, delivering Merchandise Lifecycle Management solutions that unify the design, sourcing, ordering and delivery of private label and branded goods, announced the general availability of the Company's Regulatory Compliance subscription services for 10+2, CPSIA and The Lacey Act.

As regulations continue to evolve and become more stringent, compliance is no longer optional and requires more than just following various checklists. In the process of bringing merchandise to market, retailers and their trading partners must work collaboratively to guard against acts of terrorism, ensure illegally sourced materials are not used in the production of merchandise and guarantee children's goods are free from harmful chemicals.

By implementing TradeStone's Regulatory Compliance services in conjunction with Merchandise Lifecycle Management, retailers can better control product quality and safety helping mitigate the risks and costs associated with product recalls and compliance failures.

“TradeStone Software's '10+2' service is helping to support our on-going compliance with the latest Customs Border Protection regulations,” said Veronica Ventura, Director of International Logistics, The Children's Place. “With TradeStone we can reduce the risk of delaying the clearance of goods for import by capturing and sharing the required information earlier in the process.”

Mark Rose, Senior Vice President, Chief Supply Chain Officer, The Children's Place, added: “TradeStone's '10+2' capabilities have enhanced the 'glass pipeline' we have created that provides the organization with greater supply chain visibility and facilitates regulatory compliance.”

TradeStone's Regulatory Compliance solutions are available via subscription and include services for:

• “10+2” – Facilitates full and timely compliance with the new Importer Security Filing regulations, reducing the risk of delaying the clearance of goods and minimizes associated costs. TradeStone replaces the labor-intensive and often error prone processes with effective on-line collaboration, early data capture, automated validation and visibility.

• CPSIA – Mitigates the risks and costs associated with product recalls and compliance failures with early capture of component and material information. TradeStone automates the association of testing procedures, recording of test results, and production and sending of General Certificates of Conformity (GCC) and Certificates of Compliance (COC).

• The Lacey Act – Ensures that safety and quality control regulations, standards and requirements are embedded into the technology that supports the whole 'plant to product' and delivery process. TradeStone helps eliminate the risks and costs of unknowingly importing prohibited goods through automated identification of affected products, alerting of suppliers and the early capture and visibility of required Bill of Material information.


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