Deutsche Woolworth Signs Global E-Sourcing, Order Management Agreement with TradeStone Software
GLOUCESTER, Mass. — German Retailer Selects TradeStone’s SteppingStones Solution to Source Goods from Around the World
TradeStone Software, a pioneering leader in collaborative e-sourcing software, today announced that Deutsche Woolworth GmbH & Co. OHG, one of the leading German retail groups, operating more than 330 outlets in Germany and Austria, has selected the company’s SteppingStones Suite to purchase global merchandise for their own stores and to offer in a service bureau environment to retailers who buy through Woolworth. The agreement marks TradeStone’s entry into the European market.
TradeStone Software helps build global commerce communities with solutions that support sourcing, unified order management to handle international and domestic purchasing, and logistics. TradeStone will work with Deutsche Woolworth and implementation partner IBM to tailor SteppingStones’ functionality to meet the unique requirements of the European market. The resulting solution will support Woolworth’s global order management requirements with sourcing and order management collaboration across Woolworth’s supplier base. This capability will be expanded to the company’s customer base, who will be able to use the software to source goods from Woolworth, its suppliers and service providers.
“A major strategic initiative at Deutsche Woolworth is to expand our global sourcing operation to offer price-effective goods to consumer and corporate customers,” said Heinrich Richter, Head of the Purchasing Department at Deutsche Woolworth. “Another goal is to create a robust global order management system that uniquely fits our needs. Only TradeStone was able to present a solution that met our needs on all these fronts.”
About Deutsche Woolworth GmbH & Co. OHG
Deutsche Woolworth GmbH & Co. OHG is one of the leading German retail groups, headquartered in Frankfurt/Main. The company operates approximately 340 outlets in Germany and Austria, with sales floors varying between 400 – 4,000 square meters in size. With 14,700 employees (7,000 Full-Time Equivalent) in FY 2003, the company generated sales of approximately 1.08 billion Euro. 56 percent of goods offered fall into the non-food and drugstore goods category and 44 percent in textiles. Six private label brands and approximately 50,000 separate items are offered.
About TradeStone Software, Inc.
TradeStone Software is the leading provider of a new class of collaborative e-sourcing solutions for Global 2000 companies and their suppliers. TradeStone uniquely bridges the “global gaps” in a company’s sourcing infrastructure by unifying domestic and international business practices and tying them together on a single technology platform. This approach improves retailers’ competitiveness, market differentiation and cost savings, leverages an organization’s current technology, and assures deep and rapid adoption across the retailer / supplier community. TradeStone’s SteppingStones products support all key functional areas of international buying and selling – the Request for Quote (RFQ) process, order management, track-and-trace visibility, compliance certainty and payment processing. TradeStone’s customers include American Eagle Outfitters, The Children’s Place, Deutsche Woolworth and Ocean State Job Lots. http://www.TradeStoneSoftware.com.
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