The software will be used to streamline global trade and reduce costs caused by stock outs, excess inventory, late shipments, missed deliveries and retailer chargebacks, TradeCard reported, noting that it also will eliminate manual processes and extend control of Stride Rite's physical and financial supply.
Jim Luks, vice president of finance and corporate controller at Stride Rite, said the technology would allow the firm to increase its business capacity without adding staff or additional resources overseas. "Process automation and extended visibility into our suppliers will help us ensure that shipments arrive at the right place at the right time," he said. "By eliminating unexpected surprises in the supply chain, the TradeCard Platform and SourceView will enable us to reduce costs, optimize cash and drive growth overseas."
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