Collection Sourcing

Broaden Stakeholder Participation in Sourcing to Improve Global Sourcing Performance

Collection Sourcing provides the planning, visibility and checking features needed to manage sourcing in a global and competitive environment. Collection Sourcing allows sourcing teams to manage the vendor base for materials and finished goods. It also allows sourcing teams to work with merchandising teams in understanding forecasted volumes, and creating a plan to source these products with their vendors. They continue to work with product development teams in sampling and costing materials and products, and eventually place products optimally across the supplier base, improving gross margins and markups. As products are placed, sourcing teams have the ability to check the allocation of placed products against the planned volumes assigned to each vendor. This allows visibility to over allocated vendors, as well as vendors that still have capacity available. These discrepancies can then be corrected by sourcing teams easily. Product volumes can be further allocated by channel, delivery and colorway. Sourcing teams can continue to monitor the delivery and use of bulk materials, as well as the timely production of products.

Collection Sourcing is available on premise.

Key Features and Benefits:

  • Manage the vendor base for materials and finished goods
  • Enable sourcing teams to work with merchandising teams in understanding forecasted volumes, and creating a plan to source these products with their vendors
  • Allow sourcing teams to work with product development teams in sampling, testing and costing materials 
  • Work with product development teams in sampling, testing and costing products
  • Collaborate with product development teams to place products optimally across the supplier base, improving gross margins and markups
  • Check the allocation of placed products against the planned volumes assigned to each vendor (Allocation Checks)
  • Distribute placed product volumes by channel, delivery and colorway
  • Monitor the delivery and use of bulk materials, as well as the timely production of products
  • Leverage volume quantities to ensure the best pricing of materials