Target and Toys R Us posted overall sales declines during the holidays.
Neiman Marcus has trimmed an average of 1 to 2 days off overall shipment times—a significant savings for a retailer that relies a lot on air shipments to get much of its fashions into its selling channels while they’re still hot, the company says.
Using a web-hosted supply chain management system from TradeBeam Inc., The Neiman Marcus Group Inc. has trimmed an average of 1 to 2 days off overall shipment times-a significant savings for a retailer that relies a lot on air shipments to get much of its fashions into its selling channels while they’re still hot, the company says.
“The specialty retail fashion business of Neiman Marcus is heavily reliant upon the timely movement of merchandise through our supply chain,” says David Wortman, vice president of international operations and government compliance. “TradeBeam functions as an eye on our international logistics business, giving us the ability to better manage our shipments through exception reporting and alert messaging.”
Neiman Marcus uses the web-hosted TradeBeam supply chain management application to, among other things, comply with import regulations, such as classifying products for the country of origin, calculate cross-border duties and share order and shipment information with suppliers, carriers and freight consolidators.
“It provides visibility into order status, shipment and settlement events that occur throughout our global supply chain, while reducing costs and ensuring effective trade compliance,” says Jimmy Howell, vice president of transportation and logistics at Neiman Marcus.
Neiman Marcus is No. 37 in the Internet Retailer Top 500 Guide.