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Sourcing & Product Development

ediTRACK's Lighthouse Sourcing & Product Development module enables you to coordinate and collaborate with your buyers, merchandisers and technologists, as well as their agents or suppliers.

Through a centrally integrated solution, it provides complete critical path tracking and management from design or request for quotes, through to cost analysis, and final product seal.

Your customers benefit from a single repository for information giving cross company visibility, alerting to slippage against the critical path and enabling advanced supplier performance analysis.

Key Benefits

  • Improves efficiency and compliance through a common sourcing approach.
  • Enables access to global suppliers for lower cost, higher quality goods.
  • Reduces lead-times through proactive management and issue alerting.
  • Improves ability to analyse and compare quotes for vendor negotiations.
  • Draws suppliers into a continuous improvement process.
  • Empowers all parties to make decisions based on accurate information.

Features

  • Holds product specifications and track changes.
  • Details product requirements including design, packaging, sizing, fabric, trims and costs.
  • Issues requests to multiple suppliers and to track responses.
  • Compares quotes to determine best product features & costs against requirements.
  • Benchmarking of supplier responses to requests for quotes.
  • Tracks critical stages of production to ensure the critical path is met and products are manufactured on time.
  • Tracks the sealing process and holds QA details and results.
  • Defines and tracks testing and sampling requirements.

Management Information

  • Configurable dashboard reporting to critical activities.
  • Automated alerts to pending and late events.
  • Automated email alerts to specification changes.
  • Supplier score card and KPI reporting.
  • Historical sourcing reporting by supplier.
  • Department/range/supplier performance reporting.

This module is one of many available in the Lighthouse system. To discuss your business requirements in more detail with an ediTRACK adviser, contact us today.