Newtimes Group was selected by Apparel Magazine as a Top Innovator based on their innovation in streamlining product development, sourcing and supply chain processes towards effectively serving the unique workflow of over 100 retailers and brands.
Core Solutions, a leading provider of product lifecycle management, global sourcing and extended supply chain automation solutions for the retail industry, announced today that client, Newtimes Group, was selected as an Apparel Magazine 2014 Top Innovator for their innovation in streamlining and automating their product development and sourcing processes utilizing Core Solutions' CBX software.
Apparel Magazine's annual Top Innovator award recognizes apparel retailers, brands and manufacturers who have deployed new technology in unique ways to improve their business. Newtimes was selected as an innovator based on a thorough review of their project against a number of other nominations from apparel retailers, brands and vendors.
Operating since 1971, today Newtimes Group is one of the largest sourcing, product development and supply chain managers of apparel and home products, serving retailers and brands such as Ralph Lauren, Nordstrom, Nike, American Eagle, VF Corporation and Limited Brands. Newtimes operates a network of over 40 sourcing offices and quality assurance hubs throughout Asia, the Indian subcontinent and the Middle East.
In order to continue to profitably grow and effectively serve over 100 customers, Newtimes recognized the need to streamline and automate their product development and supply chain workflow. As part of this project, Newtimes implemented Core Solutions' extended supply chain management software, CBX, including modules for supplier management, sourcing, order management, product development, logistics and finance.
As a result of the implementation, Newtimes has seen a 90 percent reduction in the use of spreadsheets along with a 60 percent increase in revenue — and it has been able to optimize headcount to do far more with the same resources, commented Alex Angelchik, Newtimes CEO. "Prior to the system's implementation, we did things the traditional way ― with spreadsheets and emails. CBX Sourcing changed all that. It gives our people time to think strategically about what they are doing."
"We congratulate Newtimes, a long term and valued client, on receiving this recognition from Apparel Magazine" said Michael Hung, CEO, of Core Solutions. "This award highlights the innovation that continues to make Newtimes a leader in the apparel industry. It also reflects the result of a successful partnership with Core Solutions and the impact that our cloud technology can have on driving profitability and operational efficiency for the retailers and brands we serve."
About Core Solutions
Core Solutions (CORE) helps retailers, brands and suppliers streamline their supply chains, from Concept to Delivery. CORE's extended supply chain management platform (CBX) enables organizations to drive greater speed, agility and efficiency and profit in bringing private label and branded merchandise to market. The CBX platform, offered as an on-premise system or cloud service, includes functionality for Planning, Product Development, Buying, Sourcing, Order Management, Logistics and Finance. To learn more, visit www.coresolutions.com.