Eqos, a provider of on-demand PLM, global sourcing and supplier management solutions for the retail supply chain, has announced the immediate commercial availability of Eqos 4.2.
Currently in use by customers, Eqos 4.2 delivers actionable information via dashboards, adds rigor to product testing procedures and further streamlines sourcing and order management processes.
Eqos 4.2 delivers significant enhancements to retailers, agents, brokers and manufacturers that are looking to decrease the lead times of private label and other imported goods by improving visibility and collaboration with agents, factories and distributors. New functionality also offers improvements in the area of quality and compliance, providing retailers with more rigorous product testing procedures and better control over supply network performance.
Enhanced functionality includes the following:
- Eqos dashboards deliver actionable information via visual consolidation of sourcing and supplier data on role-based dashboards accessible via the web. User-configurable dashboards enable decision makers to summarize and analyze current sourcing activities, integrate supplier performance into key decision-making processes and take action on high priority items.
- Product testing enhancements enable retailers to adopt more comprehensive procedures and proactively manage quality throughout standardized testing processes. It also decreases the costs and risks associated with product recalls and corrective actions by more readily detecting defects earlier in the sampling and sourcing processes.
- Sets and Kits capabilities have been enhanced to better streamline and consolidate processes for groups of products to be merchandised and sold as a set. By minimizing duplication of efforts across the design and sourcing processes, retailers are better able to negotiate with suppliers at both a set and product level.
- Order Management improvements include streamlining the management of continuity lines, allowing buyers to more efficiently create or modify new designs based on existing styles and better negotiate with existing and new suppliers.
This latest product release further consolidates Eqos position as a market leader in providing best-of-breed sourcing and supplier management solutions, said Jane Biddle, chief marketing officer and vice president US operations. Eqos continues to demonstrate our commitment to developing quality solutions that enable retailers to effectively compete and expand globally even in todays challenging economic times.
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 Edcon, H-E-B, Lidl, Michaels, Sainsbury's and Tesco. Founded in 1997, the company has offices in Boston, London and Hong Kong.