Do You Supply? - How TradeCard Helps Suppliers
Apparel, footwear and consumer goods suppliers are joining the TradeCard Platform to take advantage of competitive export-receivables-financing options available in an automated online environment. Regardless of size, the benefits are clear. Click here to contact TradeCard for more information.
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- How TradeCard Helps Suppliers
Suppliers who embrace agility and speed are better positioned to compete against larger, more established players. Buyers understand the clear benefits of having sourcing alternatives in various regions.
Process automation, speed and access to capital enable suppliers to keep up with demands and grow alongside their customers - and become their strategic partner. Automation of purchase orders, payments and settlement processes enable suppliers to rapidly process orders, know exactly when and where they will be paid, and obtain the receivables financing they need to conduct business.
Transactions today involve numerous parties and moving parts that cause orders to change each day. Transacting on a multi-enterprise trade finance hub enables suppliers to have a centric view into the movement of payments in the supply chain.
Customer Snapshot
Partex
- Founded in 1989
- Specializes in manufacture of private label team and performance apparel
- Authentic and replica sports jerseys - football, basketball, soccer, baseball
- "Full package" manufacturer producing in Central America
- State of the art 57,000 square foot manufacturing facility created in El Salvador in 2001
- Distribution center in Miami
Services:
- Designs and merchandises
- Sources and buys raw materials
- Develops product and components
- Coordinates multi-process embellishment and technical cut and sew operations
- Ships finished product to either distribution or retail
Competitive Advantage:
Automated purchase order delivery is key to Partex's ability to react to demand. TradeCard helps Partex in two areas:
- Factories compete better
TradeCard gives the Partex factory up-to-date knowledge of what customers want. It allows Partex to react quickly to customer demands. The factory is better managed. Raw material purchases are better planned. Information regarding order changes helps them quickly adjust to buyer demands. - Efficiencies and cost reduction
TradeCard helps Partex remove paperwork from transactions. Process automation removes manual tasks and improves accuracy and speed. When they need it, financing is a mouse click away. Trade financing from Coface is integrated into the TradeCard Platform.
