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Circuit City Selects the TradeStone Suite for Global Sourcing.


Direct Sourced Product Line to Expand with New Product Specification, RFQ RFQ Request For Quote
RFQ Request For Quotation
RFQ Request for Qualifications (part of a potential client's preliminary selection process)
RFQ Radio Frequency Quadrupole (accelerator technology) 
 and Vendor Collaboration Solution

GLOUCESTER, Mass. -- TradeStone Software, the leader in delivering domestic and international sourcing, product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline.  management and order management through the Unified Buying Process[TM], today announced that Circuit City Stores, Inc. (NYSE NYSE

See: New York Stock Exchange
: CC), a leading specialty retailer of consumer electronics and related services, launched the TradeStone Suite to unify 1. (database, product) Unify - A relational database produced by Unify Corporation.
2. (algorithm) unify - To perform unification.
 its global sourcing processes and help expand its private label offerings.

Circuit City selected several of the TradeStone Suite modules, which are designed to work throughout the product lifecycle, from product design and refinement, sourcing, vendor collaboration, to managing time and action calendars. All this will help Circuit City as it expands its private label product offerings.

"The consumer electronics industry moves at a rapid pace with new product introductions launching throughout the calendar year, so it is mission critical that our sourcing managers, product managers and buyers are all working from the same information as our manufacturers around the globe," said Ron Cuthbertson, senior vice president of supply chain and inventory management at Circuit City. "We are excited to use the solution to have tighter supply chain coordination and collaboration with our key vendors."

Circuit City has rolled out the software to its sourcing offices in Richmond, Va. and Barrie, Ontario For the electoral district, see .

Barrie is a city of 128,430 residents,<ref name="2006CensCommun" /> the 35th largest municipality in Canada.<ref name="2006CensMuniPops" /> It is located on Kempenfelt Bay, an arm of Lake Simcoe in Central
, as well as to its Asia-based sourcing offices. This first phase of the implementation, which includes the Product and Sourcing modules of the software, was completed in 115 days - on time and on budget. Over time, the retailer is looking to TradeStone to help grow its private label brands to extend over several categories, which currently include accessories for MP3 players A digital music player that supports the MP3 format, which was the audio format that started a revolution in online music downloads and distribution. All portable music players, the iPod being the most popular, support MP3 along with one or more other audio formats. , audio/ video and computer peripherals.

The TradeStone Suite offers a complete solution that enables buyers, merchants and sourcing engineers to quickly develop product specifications and communicate to potential suppliers by generating Requests for Quotes (RFQs) that are put out to bid to manufacturers worldwide. By normalizing disparate currencies, languages and lead times, and automatically calculating the estimated landed costs for goods, the TradeStone Suite enables product managers and buyers to easily and accurately compare offers from different manufacturers, regardless of their location.

When the offer is accepted the TradeStone Suite automatically assigns quality assurance testing, pre-production and production plans that are managed collaboratively with the supplier to ensure delivery of quality products on-time and within budget. With complete time and action calendaring throughout work in progress and finished goods inventories, TradeStone provides a financial and merchandise view of sourced and ordered items across all lifecycle phases.

"In today's retail environment private label merchandise is emerging as a key growth strategy," said Sue Welch, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of TradeStone Software. "Retailers like Circuit City are increasingly turning to private label merchandise to help grow revenue. What's more, financial analysts are recognizing corporations for their sourcing strategies as part of their overall growth plans. The TradeStone Suite helps companies achieve both of these goals and continue to grow in new and innovative ways."

About Circuit City Stores, Inc.

Circuit City Stores, Inc. (NYSE:CC) is a leading specialty retailer of consumer electronics and related services. The domestic segment operates through 640 Superstores This is a list of superstores by country. Multi-national
  • Auchan
  • Barnes & Noble (Books, Music, Videos, Magazines)
  • Best Buy (Music, Videos, Electronics, Computer Software, Appliances)
  • Borders (Books, Music, Videos)
  • Carrefour
  • Cora
 and 10 other locations in 158 U.S. markets. The international segment operates through more than 950 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at www.circuitcity.com, www.thesource.ca and at www.firedog.com.

About TradeStone Software, Inc.

TradeStone Software enables retailers and manufacturers to plan, design, collaborate on and purchase goods from across the world as easily as from across the street. TradeStone's Unified Buying Engine uses Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term.  technology to layer across an organization's existing infrastructure while its modular software See modular programming.  fills in buying process gaps to provide a single view, access and interaction across the entire procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases.  process. The first and only complete solution for global sourcing, product lifecycle management, and unified order management, TradeStone's intuitive "No Training" technology helps people throughout the supply chain to collaborate globally, enabling users to focus on speeding innovative products to market. Marquee customers include American Eagle Outfitters, The Children's Place, Deutsche Woolworth, Ocean State Job Lot, Pacific Alliance and Federated Connected and treated as one. See federated database and federated directories.  Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. . TradeStone Software is based in Gloucester, Mass. and can be found on the Web at www.TradeStoneSoftware.com.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Company overview
Date:Jan 2, 2007
Words:712
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