TradeIT
A Product Life Cycle Management Solution for the Home Textiles Industry

Global Trading Systems’ Internet solution suite, TradeIT for the Home Textiles industry facilitates effective communication and collaboration, synchronizes distributed product teams and streamlines products into integrated processes across their life cycle. Increasing collaboration and communication makes global home textiles teams more effective, speeds development, commercialization and production time, boosts quality and sets the stage for greater innovation.

With TradeIT, companies can achieve an optimized environment by connecting the fragmented participants in the global product life cycle process and enable enhanced decision-making.

• Get connected and unite a distributed product team consisting of internal employees, agents, suppliers, other trade partners and even customers.

• Facilitate Line Management by standardizing the capture of critical commercial information such as costs, margins, quota, HTUS codes and duties, estimated ship dates, cost quotes and adoption/approvals and to use that information to manage the growth and risk of a company's product lines, helping executives select the right products to bring to market, at the right time, and at the right cost.

• Capture Product Data quickly by defining your own components, materials and bill of materials templates to reduce the time it takes to create and revise individual BOMs. Templates can be defined for a host of products including fabrics, sets, single unit items sold separately, packaging, unassembled components of a finished good to be shipped elsewhere for further processing and finished components being shipped elsewhere for packaging in a set. Bills of Materials can be nested in one-to-many relationships.

• Manage Sample Development by giving head office the ability to create and process sample requests for fabrics and finished goods and for overseas staff to receive and process the requests into orders seamlessly and track status.

• Optimize Sourcing by giving your overseas offices, agents, suppliers and other trading partners immediate visibility of orders. Allow overseas internal and/or external personnel to track pre-defined events related to production, quality assurance and outbound logistics.

• Integrate Suppliers into the introduction phase to reduce costs.

• Link other Applications with Global Trading Systems’ API (Application Program Interface). 

Benefits

• Reduce cycle time

• Improve time to market

• Improve visibility

• Increase productivity

• Improve information flow, response time and accuracy

• Facilitate supply chain management and reporting of exceptions, status and performance

• Operate seamlessly as one finely tuned value chain.

Potential Hard Dollar Benefits

Increased revenue

• Increase product range 

• Increase sales volume 

• Extend product lifetime 

Decrease product costs

• Improve product design 

• Reduce labor 

• Decrease reworks 

Decrease development costs

• Accelerate development time 

• Reduce re-design changes 

• Reduce the number of prototypes 

• Cut data conversion expenditures 

Reduce operating/capital expenses

• Reduce development staff hours 

• Cut travel costs 

• Reduce cost of information distribution 

Other Key Benefits

Accelerate the product introduction cycle

• Quickly identify and resolve problems 

• Reduce delays 

• Eliminate miscommunication 

Enhance quality

• Improve first production quality rate 

• Reduce faulty components 

• Reduce manufacturing re-works 

Improve supplier performance

• Involve suppliers early in the process 

• Improve the accuracy of samples & production product 

• Reduce delivery errors 

Reduce risk

• Gain earlier payback/quicker ROI 

• Reduce product launch delays 

• Increase market acceptance 

Increase innovation

• Unite isolated team members 

• Enable sharing of ideas 

• Improve communication 

• Work more closely with customers & partners 

Meet customer needs

• Respond more quickly to requests 

• Take immediate action on customer feedback