SOURCE: TradeCard, Inc.

June 25, 2008 14:00 ET

Report Shows Retailers Are Unprepared for Burdens Associated With Private Labels and Shipment Programs

Gap Exists Between Sourcing Plans and Preparation: 49% Plan to Increase Shipment Programs and Private Labels in the Coming Year Yet 47% Lack Automation Required for Success

NEW YORK, NY--(Marketwire - June 25, 2008) - TradeCard, Inc., the leading supply chain collaboration platform, has released a survey report examining retailers' goals, plans and strategies for private label sourcing and shipment programs. The report indicates private labels and shipment programs are clearly on the rise; however, many retailers are not taking necessary steps to automate processes and prepare sourcing operations for the internal burdens that often accompany such initiatives.

The study was conducted in March and April of 2008. It shows retailers are dealing with vast numbers of suppliers: 63% deal with more than 100 regularly. Data shows 49% plan to increase shipment programs and private labels in the coming year but 44% of retailers claim they have done very little to automate transactions or reduce cost per transaction in the past year.

"These points call out the need for efficiency and automation to handle, by exception, the massive amounts of documents that result from private labels and shipment programs," said Esther Lutz, vice president of business development at TradeCard, Inc. and author of the report. "The most striking finding of this study is the gap between planning and preparation. Retailers are planning to expand shipment programs and private labels in the coming year but many have not aligned internal processes, or enabled their trade partners, to do so effectively. There is a clear disconnect between retailers' business goals and the actual steps retailers are taking to ensure proper planning, automate processes and maintain a handle on cost."

Study results show that 47% do not have plans in place to improve automation for the coming year.

The report can be downloaded free of charge at www.tradecard.com/research. Findings of the study will be presented in a webinar on July 17th at 2 p.m. (EDT). Sign up to attend the webinar at www.tradecard.com/webcasts.

TradeCard helps retailers and brands source smarter and faster through a rapidly deployed network that enables the extended supply chain. TradeCard's services and global trading partners are delivered on a software-as-a-service supply chain platform that connects 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 supply chain collaboration platform. 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.

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