Smart Supply Chain: Tractor Supply Selects CBX Software to Scale Private Label Growth
HONG KONG and SAN DIEGO and BRENTWOOD, Tenn., June 05, 2018 (GLOBE NEWSWIRE) -- Tractor Supply Company (NASDAQ:TSCO), the largest operator of rural lifestyle retail stores in America, has selected the CBX Cloud platform to streamline global product development, sourcing operations and vendor collaboration.
Tractor Supply Company (also referred to as TSC) owns and operates over 1,600 stores in 49 states supplying basic maintenance products to home, land, pet and animal owners. With a focus to scale private label, increase digital sales and enhance the customer experience, the company was seeking a solution to electronically bridge the gap between Product Lifecycle Management (PLM) and their existing Product Information Management (PIM) system, to allow complete data accuracy in all channels of the business. The CBX platform will benefit members across several departments including product development, merchandising, sourcing, master data management, as well as the extended vendor community.
“With the growth of our private label assortments, we’re excited to have the CBX platform be the system of record, to simplify and automate our product development and sourcing operations resulting in a smarter supply chain for product development, vendor collaboration and quotation, all the way to a final vendor commitment,” said, Ken Strait – Tractor Supply Company Vice President, Product Development and Strategic Sourcing.
To ensure rapid adoption and time-to-value, Tractor Supply will implement the CBX platform out of the box configuration designed for General Merchandise and Do-it-Yourself (DIY) retailers. CBX allows Tractor Supply to dynamically track the product development critical path, resulting in a faster more robust supply chain, saving hours of manual data entry and eliminating the sending/tracking of Excel attachments through multiple emails.
“Speed to market and data accuracy are both key factors in today’s retail landscape. Utilizing the CBX platform, key product data and attributes are available much earlier in the planning and design phases. Data flows electronically into the PIM system leaving Tractor Supply with no data entry and no redundancy which ultimately compresses the supply chain ensuring products to become available to customers faster,” says Eric Linxwiler, CBX Software Senior Vice President, Americas.
About Tractor Supply (NASDAQ:TSCO)
Tractor Supply Company is the largest operator of rural lifestyle retail stores in America. Founded in 1938 as a mail order tractor parts business, Tractor Supply Company (also referred to as TSC) owns and operates over 1,600 stores in 49 states supplying basic maintenance products to home, land, pet and animal owners. Based in Brentwood, Tenn., Tractor Supply is a public company whose stock is traded on The NASDAQ National Market under the symbol TSCO.
The company was founded in 1938 as a mail order catalog business offering tractor parts to America’s family farmers. Today Tractor Supply is a leading edge retailer with annual revenues of approximately $7.26 billion.
Tractor Supply is continuing to grow with new stores and improved product offerings. The Tractor Supply mission and values motivate and inspire team members and give the organization a unified focus for the future. For more information, visit www.tractorsupply.com
CBX Software is the world’s leading Total Sourcing Management solution provider from concept to delivery – combining people, processes and solutions. CBX helps retailers and brands streamline product development and sourcing all the way through order, production and delivery. Through innovative Sourcing Management, Product Life-cycle Management (PLM), and Production & Order Management technology solutions, CBX empowers the supply chain network by driving collaboration to over 15,000 retail & supplier partners, and 30,000 users in more than 50 countries. For more information, visit www.cbxsoftware.com.
For further information, please contact:Mark Hudson, Vice President Global Marketing & Communications CBX Software t: +1 617.378.7935