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  • Product Sourcing
    From day-to-day operational stresses to macro socio-economic demands, today's retailers face a growing number of pressures. In addition to meeting traditional goals of delivering the right product to the right place at the right time and right price, today's retailers are also considering other challenges such as retaining customer loyalty, adding new channels to market and expanding into new geographies. Retailers must have the information to respond quickly and decisively, not only to these pressures, but more importantly to opportunities around the globe.

    When it comes to product sourcing, retailers can gain price, quality and consistency advantages by rationalizing product lines and consolidating spend. With the number of potential sources for manufacturing new products increasing by the day, selecting the right product, from the right supplier, at the right price and meeting aggressive lead-times is a critical, but often daunting, task.

    Until now, the ability to help retailers manage critical sourcing functions effectively has been an issue largely unaddressed by IT vendors. But today an increasing number of retailers are moving away from home-grown and bespoke systems in favor of innovative software that helps formalize best practices and helps under-pressure retailers manage and scale their businesses.

    Whether you are sourcing private label or branded merchandise, Eqos Product Sourcing helps buyers, merchandisers and procurement professionals to more effectively communicate and collaborate with their agents, suppliers and other trading partners. From transmitting Requests for Quotes (RFQs), to evaluating and comparing responses, managing samples and selecting the most appropriate product, the Eqos solution connects all trading partners onto a single technology platform, providing a consistent view of critical sourcing information, enabling retailers to scale their sourcing program and achieve their financial goals.

    Key Benefits Include:
    • Deliver a more efficient operation enabling the scaling of low cost sourcing, and improvement of price, costs and margins, without additional resources
    • Reduce information duplication and inconsistencies by standardizing and deploying a common sourcing process across the company and its trading partner community
    • Remove geographic boundaries with leading technology enabling a global sourcing program to effectively 'source anywhere and sell anywhere'
    • Accelerate sourcing cycles and reduce overall lead times with better management, integration and visibility of the quoting, sampling and product selection processes
  • quotes image The Eqos Product Sourcing solution is introducing a harmonized set of best practice business processes for our buyers, QA, agents and suppliers to support the rigorous demands of global sourcing.
    Calvin Low, Business Integration Executive, Edgars Consolidated Stores Limited