Sourcing

Successful sourcing in a fast moving Apparel, Footwear or Textile environment requires excellent planning and co-ordination.

A general 'lack of visibility' and 'difficulties responding quickly with accurate information when customer requirements change' are typical concerns expressed by companies sourcing from third party suppliers. These difficulties are often greatly increased by long distance and different time zones.

As more companies realise that their existing systems are not adequate to meet the increasing demand for fast information, Fastreact offers much improved visibility and control.

Business Benefits:

• Effective control of New Style Development
• TOTAL VISIBILITY of all orders placed with suppliers and their exact status, hence improved availability of information
• Improved communication and coordination with suppliers, hence improved 'on time' delivery performance
• Ability to reduce lead times through improved control
• Reduced excess costs, due to lower air freight and late delivery charges
• More effective management of inventory

= IMPROVED BUSINESS PERFORMANCE, COST SAVINGS AND INCREASED COMPETITIVENESS (see customer testimonials)

Benefits For Users:

• Ease of allocating purchase orders against suppliers and tracking these through all key stages – A SINGLE POINT OF REFERENCE FOR INFORMATION
• Better coordination, effective critical path management with 'task diaries' and clear priorities for action
• Maximum ease of updating (VERY IMPORTANT FOR USER 'BUY IN')
• Flexible, 'user defined' reporting

With manual systems, it is impossible to bring all this information together into a single coordinated view.

Key features include:

• Transport Planning & alternatives (e.g. minimise air freight)
• Proactive supplier schedules
• Interactive updates by suppliers (email/web)
• Visibility of plans to merchandisers/customer support staff
• Proactive critical path, sorted by order, by person, or by activity
• Optional supplier load planning
• Comprehensive exception reporting

Planning, merchandising and other appropriate staff can each access relevant information quickly, including powerful sort and find features, which allow both new enquiries and progress queries to be answered promptly and accurately

Documents, e.g. purchase orders and specifications etc can automatically be shared with suppliers.

Management information in the form of exception reports and Key Performance Indicators (KPIs) allow you to monitor supplier performance, achieved lead times, 'right first time' etc, allowing a systematic approach to achieving your 'performance improvement' goals.