XpressCommerce ® Reserve Module

Involving sourcing teams and suppliers in the design and development phase of the product lifecycle can result in cost reductions of nearly 18% compared to organizations that lack such collaboration. This level of collaboration can also yield up to a 20% improvement in time-to-market speed. Overall, retailers find that a collaborative solution can impact cost and supply considerations such as logistics, supply stability, supplier performance, quality performance, innovation and component obsolescence.

As a comprehensive Product Lifecycle Execution™ (PLE™) solution, XpressCommerce® encompasses both PLM and SCE functionality creating a unique offering that is a dynamic tool for product development and planning. These advanced capabilities help organize product information from the initial concept through to delivery and provide the necessary collaboration and visibility to everyone involved in these processes.

PLM tasks start where the product development and design phase ends. Best-in-class retailers make firm commitments to purchase a given number of goods from their suppliers and in turn they allocate capacity to produce these items at agreed times throughout the production season. This reservation can be for raw materials or finished goods and gives all parties involved the ability to forecast supply and demand cycles. The benefit for the retailer is reduced on-hand inventory and guaranteed production capacity ensuring a “lean” process. The Reserve Module allows retailers to manage their raw material and finished goods production capacity reservations and commitments with their supplier network.