Supply Chain Company: TradeCard Enhancements Enable End-to-End Integration Of Global Sourcing, Trade Finance And Logistics
TradeCard Inc., one of the leading provider of global trade solutions for financial and physical supply chain automation, has released new solution enhancements that insert logistics tracking capabilities across its global trade platform and visibility suite to enable unique control of product and money flow. TradeCard's enhancements integrate physical, financial and logistical aspects of the supply chain. This integration provides trading partners with a full and in-depth view of their transactions, which comprise the extended global supply chain. The new release builds on the strength and momentum of the TradeCard Platform and SourceView visibility suite to offer a robust global trade solution that enables end-to-end visibility across multiple supply chain partners from raw materials through shipment and logistics.
The new enhancements and introduction of inbound logistics tracking continue TradeCard's strategic evolution into the world's leading provider of full-scope visibility solutions for companies sourcing globally, which rely on the success of numerous transactions across the supply chain beginning with raw materials purchases. TradeCard launched its SourceView visibility suite in 2006 to merge physical and financial aspects of the supply chain. Inbound logistics tracking is the next logical step for maintaining full control of transactions and improving the speed of trade while removing supply chain costs.
"With increased pressure to accelerate every aspect of the supply chain, full end-to-end visibility of every step of the process is required to be successful in today's environment," said Kurt Cavano, CEO of TradeCard, Inc. "With TradeCard's latest enhancements, our customers will have an unprecedented window into their supply chain. With one click of the mouse, you can see every place on the planet where a particular item is being touched, including details such as: 'How much is on order? How much is in process at every vendor factory and in what stage of production is it? How much is available for early shipment that I don't own? How much is ready to ship that I own? How much is in transit and, of that amount in transit, what is its exact location -- at the source port, mid-ocean, destination port, in customs, in warehouse?' This level of visibility allows our customers to fully implement the advanced postponement and acceleration strategies that are recommended by the next generation of demand planning systems. When you layer on TradeCard's imbedded financial services, this is truly Supply Chain 2.0."
For more details on product enhancements go to: www.tradecard.com/about/produpdate.html
A Grand Vision for Better Visibility
TradeCard enables companies that conduct global sourcing to maintain full visibility into production by tracking both the movement and status of goods as they move through the extended supply chain, connecting vendors, banks, label companies, agents and other parties involved. In the past, many purchasers had no awareness of the status of their orders beyond information they received from their suppliers. This lack of visibility clouded transactions when dealing with supplier's suppliers. TradeCard views the supply chain holistically, rather than process-by-process, to control the flow of goods as they move from suppliers to second tier vendors and throughout the supply chain.
Companies today deal with a number of factories and logistics providers, requiring integration of financial, sourcing and logistics data. TradeCard currently works with more than 100 logistics providers and thousands of factories on its platform. As an LSP-neutral environment, TradeCard adds flexibility to deliver products as needed and support business at the speed of change. TradeCard can support any logistics provider without impeding product movement. For the first time, companies can track and trace shipments across multiple logistics providers and buying offices to maintain control and ensure the delivery of goods on time.
TradeCard provides online access to a network of more than 3,000 trading partners around the world, supported by a local "feet on the street" customer support team that speaks 32 languages and supports customers in 40 countries. TradeCard reshapes the way businesses conduct global transactions and obtain working capital by automating processes from procurement through payment and goods receipt on an on-demand trade platform. TradeCard helps clients that range from $10 million to over $20 billion in revenue to eliminate waste and delay from the sourcing process. Financial services available on the TradeCard Platform help companies of all sizes to better compete by extending operational agility and improving margin and cash flow.
About TradeCard
TradeCard is the leading provider of on-demand supply chain management solutions. The TradeCard Platform synchronizes financial transactions with physical events in the global supply chain to help customers automate trade transactions from purchase order to payment and chargebacks. Buyers, sellers and their trading partners manage transactions through a web-based platform with online financial services integrated into the workflow. This turnkey transaction management enables customers to improve margins and enhance growth, with extra-organizational supply chain visibility. TradeCard's on-the-ground trade experts throughout the world assure superior supply chain agility.
TradeCard manages global trade for thousands of users in over 40 countries, including Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard Inc. is headquartered in New York City and has offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Tokyo, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.
SOURCE: TradeCard, Inc.