Eqos Enables Leading Retailer to Scale International Processes
BURLINGTON, Mass. & LEATHERHEAD, England--(Business Wire)--Eqos Ltd. (www.eqos.com), provider of on-demand PLM, global
sourcing, and supplier management solutions for the retail supply
chain, today announced that the Tesco international sourcing group has
moved one step closer toward achieving a standard operating model
using the Eqos solution. Based in the UK, Tesco has built its business
in the grocery industry, but more recently has diversified into a wide
range of non-food categories including clothing, consumer electronics,
and household goods. As the world's third largest retailer, Tesco
commands more than 30 percent of the UK grocery business and is
expanding its store operations around the globe.
"We are pleased to announce that we have completed the rollout of
Eqos sourcing for the UK based hardlines business and are now
progressing with the apparel categories and other geographies," said
Harm van Weezel, Tesco's commercial IT director. "Eqos is facilitating
the on-boarding of new suppliers and improving collaboration among our
sourcing offices and their suppliers; as a result, we have implemented
better business practices and reduced the administrative load of
managing our supplier community. In the end, we are better able to
respond to customers and to the evolving demands of our rapidly
growing network of retail operations and stores."
Eqos sourcing provides Tesco with full business process support
for private label and branded merchandise from product design, through
supplier negotiations, and contract. By providing critical path
management and a single data repository, the solution is enabling
standardized processes across all Tesco sourcing hubs, comprised of 11
international offices spanning 14 countries across the globe.
Additionally, Tesco has successfully rolled out the Eqos auditing
and compliance module to maintain important product safety and ethical
sourcing practices. "As Tesco continues its growth strategy, the focus
remains on delivering quality products that our customers value," said
Colin Hill, Tesco international sourcing operations director. "The
Eqos solution enables us to schedule factory audits, streamline our
reporting processes and manage our corrective action program. By using
these systems we aim to reduce the costs associated with poor quality
goods and should in the future be able to better meet the social
responsibility goals that are such an important component of Tesco's
overall corporate mission."
"Tesco thrives in the global retail marketplace because the
company works hard to earn customers' loyalty as they simultaneously
maintain excellent relationships with their suppliers," said Jane
Biddle, Eqos chief marketing officer. "We're pleased to be working
with Tesco to support its commitment to deliver value through its
products, services, and corporate social responsibility initiatives.
Eqos' industry expertise and comprehensive support services help
ensure that our long-term partnership will continue to support Tesco's
tremendous growth, while also providing the company with a rapid
return on its technology investment."
About Tesco
Founded in 1919, UK-based Tesco is the third largest retailer in
the world today, operating stores in 12 markets outside the UK. With
more than 3,400 stores across the globe, Tesco employs in excess of
450,000 people in its businesses around the world and aims to deliver
a consistently strong customer offer on every visit and every
transaction by focusing on the Group's core purpose: to create value
for customers to earn their lifetime loyalty. For more information,
visit www.tesco.com.
About Eqos
Eqos is a leading provider of PLM, global sourcing, and supplier
management solutions for the retail supply chain. Eqos on-demand
software enables retailers to work collaboratively with trading
partners to enhance product innovation, improve supplier performance,
accelerate time-to-market, and ensure product quality and factory
compliance. By layering over existing applications, Eqos facilitates
cross-enterprise, streamlined collaborative processes between
retailers, sourcing offices, agents, factories, suppliers, and third
party service providers. The definitive solution for multi-category
retail segments, including apparel, grocery and general merchandise
segments, Eqos supports millions of transactions daily for 15,000
users, managing more than $50 billion in inventory for the world's
largest, most recognized global retailers. Customers include Best Buy,
Edcon, H-E-B, Sainsbury's and Tesco. Founded in 1997, the company has
offices in Boston, London and Hong Kong. More information can be found
at www.eqos.com.
Eqos Ltd.
Press Contacts:
Dayna Guzik, +1 919-678-9200
dguzik@dprgroup.com
or
Paul van de Braak, +31 (0)299 656404
Effective-communications@planet.nl
Copyright Business Wire 2008
