Private label growth, tech at Tractor Supply
The Brentwood, Tenn.-based retailer said it was seeking a solution to electronically bridge the gap between product lifestyle management and product information management. The platform will allow the company to allow data accuracy in all channels of its business.
According to Tractor Supply, the CBX system will also provide benefits 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 vp of product development and strategic sourcing.
To ensure rapid adoption and time-to-value, Tractor Supply said it plans to implement the CBX platform out of the box configuration designed for general merchandise and Do-it-DIY retailers.
CBX is expected to allow Tractor Supply to 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, Tractor Supply said.
“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 vp, Americas.
Tractor Supply operates more than 1,600 stores in 49 states.