SOURCE: TradeStone Software

September 18, 2013 10:30 ET

TradeStone Extends Market-Leading Costing Engine With Dynamic Omni-Costing Capabilities

Capabilities Will Support Expansion to New Markets Including Discrete Manufacturing and Wholesale / Trading Company Operations to Facilitate Omni-Channel Sourcing Decisions

GLOUCESTER, MA--(Marketwired - September 18, 2013) -

News Facts:

  • TradeStone Software, delivering Merchandise Lifecycle Management (MLM) solutions that unify the design, sourcing, ordering and delivery of retail goods, today announced Dynamic Omni-Costing capabilities.
  • Dynamic Omni-Costing is the only costing engine in the industry that goes across product development, sourcing, purchase order, open balance and other attributes such as color, size and market to address the needs of discrete manufacturing and wholesale / trading company operations in today's Omni-Channel environment.
  • The most advanced costing engine in the market today, Dynamic Omni-Costing can auto calculate cost based on: 
    • Geography -- including origin, freight on board point and destination
    • Bill of Materials / components
    • Suppliers
    • Assortment mix
    • Customers / brands
    • Mode
    • Packaging
    • Production period
    • Delivery flow
  • Cost components include freight, duty at the finished goods and component levels, inspections, QA testing, brokerage, finance, administration and other organizational fees.
  • Benefits seen among TradeStone's customer community include reductions in unallocated expenses, cost containment and reductions, as well as flexibility to adjust designs and materials to achieve margin targets.
  • A recent Gartner report, "Reference Model for PLM in the Retail, Footwear and Apparel Market, May 2013," noted in Table 2 Relative Importance of Functionality by RFA Market Segment that Costing functionality ranked as High-Importance to RFA (retail, footwear and apparel) brand manufacturers, RFA retailers and vertically integrated RFA retailers.
  • To learn more about our Dynamic Omni-Costing capabilities, contact info@tradestonesoftware.com.

Supporting Quotes:

  • According to Gartner Research Director Janet Suleski, et al in Table 3 Functional Requirements for PLM in RFA, functional capability regarding Costing is important for the following reasons: "allows RFA companies to hit the target cost at retail and the resulting profit margins; enables more efficient entry into cost-sensitive categories or markets; provides clearer line of site to cost/quality or cost/attribute trade-offs during product design."
  • "Dynamic Omni-Costing brings together our renowned 'what-if' costing capabilities and our enhanced channel costing functionality," said Ann Diamante, Chief Product Officer, TradeStone Software. "The result is a robust tool that is dramatically changing the way retailers and brands view their sourcing and costing operations."

About TradeStone Software, Inc.
TradeStone Software helps retailers, brand manufacturers and suppliers increase market share and improve margins through the use of Merchandise Lifecycle Management solutions that unify the design, sourcing, ordering and delivery of their private label and branded goods. Organizations including American Eagle Outfitters, Belk, Boots, Family Dollar, Groupe Dynamite, Guitar Center, Kohl's, Le Chateau, Macy's, NBrown Catalog Company, Pacific Sunwear, Shoprite and Urban Outfitters use TradeStone's solutions to help them bring innovative and highly profitable products to market at record speeds.

TradeStone Software is headquartered in Gloucester, Mass., with offices in Atlanta, Boston, Bangalore, Hong Kong and London. More information can be found on the Web at www.tradestonesoftware.com and/or visit us on LinkedInFacebook and Twitter.

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