USA: TextilEdge Launches Leading Online Marketplace for the Textile and Apparel Industries
TextilEdge, Inc. announced today the launch of the leading electronic marketplace for sourcing in the global apparel and textile industries. TextilEdge has built its marketplace in partnership with Computer Sciences Corporation (CSC), a worldwide leader in e-business solutions. The TextilEdge marketplace, initially targeting the United States and Latin America, streamlines the apparel and textile sourcing chain by bringing together buyers and suppliers and facilitating transactions through a neutral, robust and secure technology platform.
TextilEdge customers have expressed strong interest in first using the TextilEdge platform with suppliers in Mexico and elsewhere in Latin America. Latin America now accounts for over 40% of apparel imports into the United States with growth of over 30% per year. For this reason, TextilEdge has focused first on developing a platform designed to suit the specific needs of buyers and suppliers in the Western Hemisphere supply chain.
``TextilEdge improves the way buyers and suppliers interact by providing a framework to more effectively manage each step of the sourcing process,'' said Robert Widlansky, TextilEdge CEO. ``This benefits all users by reducing transaction and product costs, shortening cycle times and increasing business opportunities.''
TextilEdge is the first e-commerce marketplace built exclusively to fulfill the unique sourcing needs of the $200 billion apparel and textile industry. ``The TextilEdge management team has deep industry expertise, spanning the entire sourcing chain,'' said Widlansky. ``This, combined with our extensive technology and e-commerce experience, makes TextilEdge the leader in driving the apparel and textile industries' shift to e-commerce.''
TextilEdge Partners with CSC to Provide E-Business Infrastructure
Computer Sciences Corporation (NYSE:CSC), a leading provider of e-business services and business-to-business (B2B) solutions, is working together with TextilEdge in the creation of the technology infrastructure that powers the marketplace. CSC has extensive experience in building and launching e-businesses, and now serves more than 30 net market makers.
``TextilEdge and CSC have developed the premier e-commerce marketplace for this industry,'' said Chris Slee, Senior E-Business Partner at CSC. ``CSC has provided TextilEdge with cutting edge technology and a secure platform, as well as the benefit of our previous experience in working with a large number of leading e-commerce marketplaces.''
TextilEdge will provide a complete e-business solution, allowing companies to more effectively manage each step of the sourcing process:
Supplier Search and Qualification
TextilEdge has built a comprehensive database of thousands of suppliers and contract manufacturers from around the world. By accessing this system, buyers will be able to find potential suppliers that meet their quality, capacity and location criteria. TextilEdge provides extensive business, financial and production information on each supplier, saving buyers the time and money spent in searching for this information.
TextilEdge will facilitate contract and price negotiation by allowing buyers to send Requests for Proposal (RFPs) to single suppliers or to multiple suppliers in a reverse auction format. RFP auctions have the potential to save buyers substantial amounts in the construction of garments and procurement of materials. TextilEdge will also allow collaboration and communication among relevant parties throughout the negotiation process.
TextilEdge customers will be able to coordinate and communicate with all material providers and contractors, greatly facilitating full-package production. Suppliers will be able to showcase their products through electronic catalogs and storefronts. TextilEdge will provide a framework for buyers to efficiently communicate raw material and accessory specifications to all participants in the sourcing chain.
TextilEdge will allow business partners to communicate securely and exchange business documents electronically, cutting costs significantly and opening communications to new business partners. TextilEdge will provide instant messaging and project room collaboration technology, allowing buyers and sellers to communicate in real time.
About TextilEdge, Inc.
With headquarters in the United States and Mexico, TextilEdge (www.textiledge.com), is the leading e-commerce marketplace serving the $200 billion global apparel and textile industry. Using the Internet, TextilEdge facilitates the procurement of finished garments and materials domestically and internationally. The TextilEdge management team has well over a century of combined textile and apparel industry experience - spanning the entire supply chain. TextilEdge's team of e-commerce experts and partners is building an unparalleled resource to assist with all aspects of the apparel and textile sourcing process.
About Computer Sciences Corporation
Computer Sciences Corporation helps clients in industry and government use information technology to achieve strategic and operational objectives. With 57,000 employees in more than 700 offices worldwide, the company tailors solutions from a broad suite of integrated service offerings, including e-business strategies and technologies; management and I/T consulting; systems development and integration; application software; and I/T and business process outsourcing.
Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. CSC had revenues of $9.1 billion for the twelve months ended December 31, 1999. Its headquarters are in El Segundo, California.
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