NEW YORK, NY and AMSTERDAM, THE NETHERLANDS — (Marketwire) — 03/07/12 — TradeCard, Inc., the supply chain collaboration and global trade platform used by more than 10,000 retailers, brands, manufacturers and service providers, reported today that women-s apparel retailer MS Mode has successfully deployed TradeCard to eliminate costs and improve efficiencies in its global supply chain. The TradeCard Platform allows MS Mode to transition away from agents and handle sourcing in-house without increasing overhead. TradeCard-s team of local experts enables the retailer to increase sourcing from Bangladesh without using letters of credit.
MS Mode operates 413 stores throughout the Netherlands, France, Belgium, Luxembourg, Germany and Spain.
“Connecting our trading partners on one global network with automated documents and workflows will improve communication from order through settlement,” said Linda Hoebe, CFO of MS Mode. “TradeCard allows us to handle sourcing in-house and manage by exception, reducing costs and minimizing errors. Access and connectivity through the platform allows us to eliminate letters of credit when sourcing from Bangladesh.”
Transacting with suppliers in Bangladesh typically requires using letters of credit. Open account transactions through TradeCard provide visibility for all parties, including financial institutions, eliminating the costs and credit utilization concerns associated with letters of credit.
“In today-s complex global supply chains there-s nothing more valuable than people on the ground with local knowledge and expertise wherever you do business,” said Frank Bakker, Vice President Sales Europe, TradeCard, Inc. “MS Mode turned to TradeCard because of our local presence in places like Bangladesh. Our resources on the ground became an extension of MS Mode-s sourcing team. Collaborating as a single team, TradeCard and MS Mode completed the first phase of the project in just four weeks.”
TradeCard is a cloud-based platform that connects the entire supply network, from planning and ordering through shipment and settlement, to enable a demand-driven supply chain. Through their use of the TradeCard Platform, MS Mode and its supply partners benefit from improved communication, automated document checking and lower costs related to credit and transactions.
Document and workflow efficiencies through TradeCard span multiple trading partners and drive time and cost savings for retailers and brands like MS Mode. Cloud technology and global support delivered by TradeCard enable rapid return on investment. MS Mode-s suppliers were on-boarded by TradeCard-s global support team within weeks.
MS Mode is a dynamic, international fashion retailer offering great value fashion for women. Our strategy is focused on our customer, offering her a feminine, flattering and comfortable collection in the sizes 40 till 52.
MS Mode presently has more than 400 stores in the Netherlands, France, Belgium, Luxemburg Germany and Spain. In total, more than 2,500 employees work for MS Mode.
TradeCard, Inc. is a leading supply chain collaboration platform that improves margin, cash flow and visibility for over 10,000 buyers, sellers and service providers in 78+ countries. TradeCard delivers a cloud-based network that facilitates complex multi-enterprise sourcing transactions across multiple layers of the supply chain. More than 45,000 individual users leverage the TradeCard Platform to streamline transaction flows from purchase order through production tracking, shipment and payment. Embedded financial services throughout the supply network reduce capital costs and risk. Multi-enterprise collaboration on the platform delivers visibility into the movement of goods, from raw materials to the store shelf. TradeCard-s on-the-ground trade experts throughout the world allow entire supply networks to rapidly join the platform.
The world-s leading retailers and brands leverage the TradeCard Platform and its member network for sourcing and global trade, including Levi Strauss & Co., Columbia Sportswear, Guess and Rite Aid. TradeCard, Inc. is headquartered in New York City, with offices in San Francisco, Amsterdam, Hong Kong, Shenzhen, Taipei, Seoul and Colombo. TradeCard is located online at .
Esther Lutz
TradeCard
+49 1-769-902-0633
Bryan Nella
TradeCard
+1-212-405-1855
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