| RETAIL PLM |
In a relentlessly competitive environment, retailers and brands are pressed to develop and market new products to win consumers and increase their revenue and profit margins. To achieve these goals, today's retailers are expanding their private label offerings with the goal of differentiating their products from branded items and increasing their margins.
The process used to develop a private label product for a retailer is referred to as Retail Product Lifecycle Management (Retail PLM) which covers everything from buyer planning, assortment management, product concept, pricing, and positioning. Compared to manufacturing, where PLM is typically oriented towards design specifications and production, Retail PLM focuses on creating innovative, desirable consumer products with an accelerated launch time.
Getting a retail product onto the shelf requires extensive communication and collaboration which is streamlined by the CBX Retail PLM system. CBX Retail PLM directly addresses the needs of buying and merchandising teams by managing the complexity of all aspects of product development, including assortment planning, sampling, specification and positioning. |
CBX Supplier Management Key Functions and Features:
- Facilitate supplier set up via an easily accessible web-based interface
- Connects vendor and factory relationships
- Capture all terms and conditions agreed with vendors into effective contracts
- Ensure smooth and consistent exchange of mission critical information
- Capture vendor performance history and a view of all transactions with that vendor
- Gain insight through vendor scorecards using KPI indicators
CBX Vendor Management Benefits:
- Scales the onboarding of thousands of vendors
- Increased visibility into vendor quality and compliance issues
- Early prevention of problems before they reach the consumer and cost more money
- Freedom for retailer/brand to focus on their core function and not worry about vendor compliance
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We need a sourcing solution that is proven and can scale our operations. We selected CBX because of Core Solutions deep industry experience and proven track record in the global sourcing industry."
- Thommy Jarlefelt, Managing Director |
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