Video: Trace One E-Sourcing RFX

Having a fresh and appealing product selection is one of the pillars of retail success. Retailers can’t attract customers with dated or uninspired merchandise, so it’s important to constantly stay abreast of the latest product trends and be on the lookout for merchandise or suppliers that can help them keep up. Retailers today have no choice but to innovate and modernise their processes to keep up with growing global competition and constantly demanding consumers. Since retail technology is often a complex purchase, affecting stakeholders across the organization, and requiring significant investments of time, resources, and capital, a formal RFx system is often required as part of the sourcing process.