Collaborative Platform Will Help the Company Scale to Meet Its Customers’ Needs
BOSTON – May 12, 2016 – Bamboo Rose, the trusted digital B2B marketplace for retailers (formerly known as TradeStone Software), announced Floor & Decor has chosen its collaborative Trade Solutions solution to manage its PO to Payment (P2P) system, supplier management, product quality and compliance. The solution will help Floor & Decor scale its backend business processes as it moves to a digital, cloud-based system.
Floor & Decor, one of the largest specialty retailers in the hard surface flooring market, sources its products from a vast network of global suppliers located in over 17 countries. With strategic plans for new stores, Floor & Decor was looking to improve its purchase order to payment processes.
The Floor & Decor team recognized that finance departments without a progressive P2P system to handle purchase orders and payments can experience a “reconciliation nightmare” that can have a ripple effect throughout the business. Paperwork discrepancies or late changes to orders can increase transaction fees, delay shipments, extend lead times, reduce fill rates and increase payment costs.
Floor & Decor ultimately chose Bamboo Rose because of its superior usability and its cloud-based software-as-a-service (SaaS) platform, which provides a reduced time to benefit, greater scalability, seamless integration and easy upgrades. In addition, Bamboo Rose is addressing the company’s Product Item Management (PIM) and quality and compliance management needs all in one platform.
With Bamboo Rose Trade Solutions, Floor & Decor has a clear picture of the entire item lifecycle process: from item set-up to the initial order, tracking and change orders, movements across oceans and through customs, to final delivery and payment. The project comes with a strong ROI, saving the company time and money.
“Our business model depends on having an effective supply chain that sources product directly, making effective vendor management critical. To be competitive, you have to be both fast and accurate,” said Trevor Lang, Chief Financial Officer at Floor & Decor. “Bamboo Rose will ensure that we have one version of the truth for PO management, and collaboration with our suppliers will give us visibility into the entire P2P process.”
“There’s no room for supply chain error in The New Retail Economy: retailers and suppliers need to work together in real time to bring competitive products to market quickly,” said Sue Welch, CEO of Bamboo Rose. “Bamboo Rose works with and helps manage the world’s largest retailers and importers, embedding decades of experience and intelligence into its B2B marketplace platform and proven trade engines. Floor & Decor now has the visibility it needs to scale to meet growing customer demand.”
About Floor & Decor
Floor & Decor is a leading specialty retailer in the hard surface flooring market, offering the broadest selection of tile, stone, wood and laminate flooring available in the industry. Floor & Decor sources directly from manufacturers around the globe to bring the world’s best and most innovative flooring to its customers at low prices. In addition, Floor & Decor stocks the necessary tools, as well as decorative and related accessories, for flooring projects. For more information, please visit www.flooranddecor.com.
About Bamboo Rose
Bamboo Rose is the only B2B marketplace powered by proven trade engines for product and supply chain management, enabling retailers and suppliers to collaboratively and continuously discover, develop, and deliver ideas and products to diverse markets around the world. Bamboo Rose serves over 80 major retailers, 400 brands, 35,000 suppliers and 150,000 user members. Bamboo Rose is headquartered in Gloucester, Massachusetts, with offices in Atlanta, Boston, London, Bangalore, and Hong Kong. Visit us on the Web at bamboorose.com to find out why companies like American Eagle, Adidas, Belk, Boots, Carhartt, Debenhams, Family Dollar, GPC, Home Retail Group, Kaufland, Kohl’s, Lowe’s, The Gap, Inc., ShopRite, and Walgreens have all chosen Bamboo Rose. Or visit us on LinkedIn, Facebook, YouTube and Twitter.