USA: TradeCard Helps Columbia Sportswear Reduce Supply-Chain Costs
TradeCard Inc, a provider of on-demand financial supply chain products, is being used by Columbia Sportswear Company to automate trade transactions with international suppliers from purchase order delivery through to payment.
TradeCard also automates Columbia's early payment discount program, which gives suppliers the option to select early payment in exchange for a discount off their invoice.
Bryan Timm, Columbia's chief financial officer, said: "TradeCard helps Columbia to monetise our entire relationship with suppliers, so that we can assess the cost-efficiency of our transactions. That has enabled Columbia and our suppliers to eliminate costs from the supply chain."
Columbia has so far implemented the TradeCard's sevices over eight countries, representing over 50 per cent of Columbia's total sourcing volume.
TradeCard automatically creates, routes, matches and stores trade documentation - such as electronic purchase orders, supplier invoices and other information - to facilitate payment and financing.
Columbia Sportswear Company is a global leader in the design, sourcing, marketing and distribution of active outdoor apparel and footwear.
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