SOURCE: TradeCard, Inc.
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March 13, 2008 09:15 ET
Bassett Furniture Automates Global Sourcing to Enhance Customer Service and Preserve Margins
Goes Live on TradeCard Platform to Obtain Automation and Visibility Into Overseas Operations to Deliver More Custom Products in Less Time
NEW YORK, NY--(Marketwire - March 13, 2008) - TradeCard, Inc., the leading provider of
extended supply chain solutions, announced today that Bassett Furniture
(NASDAQ: BSET) has deployed the TradeCard Platform to improve supplier
visibility and automate accounts payable processes to increase efficiency
and accuracy. Bassett's sourcing infrastructure enables it to leverage
production resources and economic power provided by an extended value chain
for rapid delivery of customized quality furniture. Extended supply chain
automation and control through TradeCard enhance Bassett's ability to
provide more style options to consumers while maintaining superior levels
of customer service, including in-home design service and rapid delivery.
"Our sourcing infrastructure and customization capabilities uniquely
position us to provide consumers with the furniture styles and value they
want," said Keith Sanders, senior vice president at Bassett Furniture. "We
recognized that with the right supply chain approach we could enhance the
customer experience and continue to deliver on our 30 day promise. Our
strategic sourcing organization enables us to deliver customized products
in less time, with less cost, by leveraging a value-network of suppliers
and service providers through TradeCard."
TradeCard helps Bassett streamline business processes to better compete in
an industry where margins are under heavy pressure. TradeCard's global
sourcing platform has local support in more than 45 countries, including
key furniture sourcing regions, to assist Bassett in obtaining complete
supply chain visibility. Critical back office functions are automated to
remove process time and cost. The combination of sourcing automation and
visibility allows Bassett to maintain supply chain control to ensure its
customers receive the right products at the right time, for the right cost.
"Consumers today seek customized furniture and they want it in their homes
immediately," said Kurt Cavano, CEO, TradeCard, Inc. "Furniture companies
are challenged to juggle cost advantages and customer demands when sourcing
in a global environment. Innovative furniture companies like Bassett can
achieve success in global sourcing if they have the right tools and
mindset. TradeCard enables Bassett to eliminate paper-based and manual
processes throughout its accounts payable department to improve efficiency.
By connecting with suppliers on a real-time platform that automates global
sourcing, Bassett will improve its margins while monitoring delivery
performance."
TradeCard provides a rapidly deployed smart network that enables the
extended supply chain. Its services and global trading partners are
delivered on a software-as-a-service supply chain platform that connects
more than 3,000 buyers, suppliers and service providers. TradeCard helps
clients that range from $10 million to over $20 billion in revenue to
transform the supply chain into a true value chain by eliminating waste and
delay from the sourcing process. Financial services available on the
TradeCard Platform help companies of all sizes to better compete by
improving margin and cash flow. TradeCard's software-as-a-service delivery
model and global support team enable rapid deployment in as little as 45
days.
About TradeCard, Inc.
TradeCard, Inc. is the leading provider of on-demand supply chain
management solutions. The TradeCard Platform synchronizes financial
transactions with physical events in the global supply chain to help
customers automate trade transactions from purchase order to payment and
chargebacks. Buyers, sellers and their trading partners manage transactions
through a web-based platform with online financial services integrated into
the workflow. This turnkey transaction management enables customers to
improve margins and enhance growth, with extra-organizational supply chain
visibility. TradeCard's on-the-ground trade experts throughout the world
assure superior supply chain agility.
TradeCard manages global trade for thousands of users in over 40 countries,
including Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard,
Inc. is headquartered in New York City and has offices in San Francisco,
Hong Kong, Brussels, Taipei, Seoul, Colombo, and Shenzhen. TradeCard is
located online at www.tradecard.com.