TradeCard Inc., the supply chain collaboration platform used by more than 10,000 retailers, brands, manufacturers and service providers, recently reported that it grew by 36% in 2011. TradeCard attributes this increase to its cloud-based platform for end-to-end supply chain visibility.
TradeCard connects all trading partners in the supply chain and provides visibility into a single version of the data, from planning and ordering stages through production, shipment and settlement. A social media model for the supply chain allows the entire network of parties to be updated instantly on orders or changes, and to collaborate on better decisions.
TradeCard’s 2011 Performance Highlights
• Network Growth: More than 2,000 organizations joined the TradeCard Platform in 2011. Purchase order volume increased 37% from 2010 and total value of transactions settled on the TradeCard Platform rose 39%. Total cartons processed through TradeCard’s Factory Xpress® in 2011 grew 440% versus 2010. Financial service volumes on the TradeCard Platform increased 33%. Total purchase orders from TradeCard’s strategic alliance with Avery Dennison were up 181% from the prior year.
• New Solutions for the Supply Chain: Five major brands and retailers signed on to employ TradeCard’s Advanced Collaboration™ solution to reduce raw materials costs and lead times, minimize markdowns and stock outs, and optimize capacity and materials availability. Four brands and retailers selected TradeCard’s Factory Xpress solution to reduce chargebacks, logistics costs and cycle times. More than 4,600 factories and suppliers use Factory Xpress today.
• Professional Talent Growth: TradeCard added 61 employees worldwide in 2011.
• New Deals and Renewals: Hurley, Patagonia, Perry Ellis, Levi Strauss & Co., Columbia Sportswear and Collective Brands are among the companies that expanded use of the TradeCard Platform to streamline new areas of the supply chain. New brands and retailers added to TradeCard’s customer list in 2011 include MS Mode and a global sports eyewear and performance apparel manufacturer.
Document and workflow efficiencies through TradeCard span multiple trading partners within a supply network to generate time and cost savings for buyers, suppliers and service providers around the world. Financial services embedded into the Platform lower trade financing costs and reduce credit related risk. Hosted technology and global support delivered by TradeCard minimize transaction costs. TradeCard’s global support team quickly onboards suppliers while TradeCard’s global network provides the necessary infrastructure to rapidly shift trading partners or services from region to region as economic conditions change.
