Praktiker Goes Live with CBX Enterprise to Scale Private Label Program
Core Solutions’ CBX Enterprise is supporting German DIY retailer, Praktiker Group, with accelerating and expanding their private label product offering and automating their sourcing process.
New York, NY, July 06, 2011 --(PR.com)-- Praktiker Group, a leading European home improvement and do-it-yourself retailer will go live today with a software implementation aimed at driving the retailer’s next phase of growth, Core Solutions (CORE) announced.
With more than 400 stores across Europe, Praktiker is one of the largest home improvement retailers in the region. The company’s customers range from do-it-yourselfers to professional craftsmen. Praktiker Group, formerly a division of cash and carry retailing giant, Metro AG, was spun off as an independent listed company in 2005.
With an ongoing strategy of offering products at the best value-for-money and an understanding that a streamlined supply chain is critical to their business Praktiker selected Core Solutions’ CBX Enterprise system to help the Group maintain a fresh and innovative array of products.
Recognizing an industry trend of growth in private label and direct sourcing, Praktiker reevaluated their approach to product development, sourcing, quality assurance and supply chain management. Whereas in the past, many of these functions were outsourced, Praktiker has now taken a more hands on approach to merchandise development – from the seed stage, right through to product delivery and payment.
“CBX gives Praktiker an end-to-end solution with modules which do everything from managing suppliers, specifications, quotations and costing, to ensuring quality and compliance, on-time delivery of product and accurate invoicing,” said Mr. Reissenweber, Managing Director of Praktiker Group Buying. “Aside from the greater visibility into our supply chain and the shift away from manual processes, CBX will help us quickly scale our global sourcing operation.”
CORE’s CBX implementation for Praktiker was implemented in a record 7 months from initial discussion to roll out through key buying, sourcing, quality, shipping and settlement teams, along with hundreds of suppliers.
“We are honored to be chosen by Praktiker to play a critical role in reengineering the way products are delivered to customers. CBX Enterprise, which has been successfully adopted by many other leading retailers around the world, will help Praktiker to dramatically improve their sourcing and supply chain capabilities,” said Michael Hung, CEO of Core Solutions.
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About Praktiker
Praktiker Group, based in the Southwest of Germany is one of the leading companies in the European home improvement and DIY sector. With over 25,000 employees, it operates around 440 stores in ten European countries, including 330 stores in Germany. Listed on the German stock exchange in the 2010 fiscal year the company achieved net sales of € 3.5 billion. For more information about Praktiker visit: http://www.praktiker.com
About Core Solutions
Founded in 1995, Core Solutions (CORE) is a leading provider of Retail Product Lifecycle Management, Global Sourcing, and Supplier Collaboration solutions that empower retailers, brands, and suppliers to accelerate, automate, and optimize their supply chain, from concept to delivery and order to payment. To learn more about Core Solutions, visit: www.coresolutions.com.
Media Contact:
Russel Beron
Core Solutions
+852 2378 6621 (Hong Kong)
russel.beron@coresolutions.com
With more than 400 stores across Europe, Praktiker is one of the largest home improvement retailers in the region. The company’s customers range from do-it-yourselfers to professional craftsmen. Praktiker Group, formerly a division of cash and carry retailing giant, Metro AG, was spun off as an independent listed company in 2005.
With an ongoing strategy of offering products at the best value-for-money and an understanding that a streamlined supply chain is critical to their business Praktiker selected Core Solutions’ CBX Enterprise system to help the Group maintain a fresh and innovative array of products.
Recognizing an industry trend of growth in private label and direct sourcing, Praktiker reevaluated their approach to product development, sourcing, quality assurance and supply chain management. Whereas in the past, many of these functions were outsourced, Praktiker has now taken a more hands on approach to merchandise development – from the seed stage, right through to product delivery and payment.
“CBX gives Praktiker an end-to-end solution with modules which do everything from managing suppliers, specifications, quotations and costing, to ensuring quality and compliance, on-time delivery of product and accurate invoicing,” said Mr. Reissenweber, Managing Director of Praktiker Group Buying. “Aside from the greater visibility into our supply chain and the shift away from manual processes, CBX will help us quickly scale our global sourcing operation.”
CORE’s CBX implementation for Praktiker was implemented in a record 7 months from initial discussion to roll out through key buying, sourcing, quality, shipping and settlement teams, along with hundreds of suppliers.
“We are honored to be chosen by Praktiker to play a critical role in reengineering the way products are delivered to customers. CBX Enterprise, which has been successfully adopted by many other leading retailers around the world, will help Praktiker to dramatically improve their sourcing and supply chain capabilities,” said Michael Hung, CEO of Core Solutions.
###
About Praktiker
Praktiker Group, based in the Southwest of Germany is one of the leading companies in the European home improvement and DIY sector. With over 25,000 employees, it operates around 440 stores in ten European countries, including 330 stores in Germany. Listed on the German stock exchange in the 2010 fiscal year the company achieved net sales of € 3.5 billion. For more information about Praktiker visit: http://www.praktiker.com
About Core Solutions
Founded in 1995, Core Solutions (CORE) is a leading provider of Retail Product Lifecycle Management, Global Sourcing, and Supplier Collaboration solutions that empower retailers, brands, and suppliers to accelerate, automate, and optimize their supply chain, from concept to delivery and order to payment. To learn more about Core Solutions, visit: www.coresolutions.com.
Media Contact:
Russel Beron
Core Solutions
+852 2378 6621 (Hong Kong)
russel.beron@coresolutions.com
Contact
Core Solutions
Russel Beron
+852 2378 6621
coresolutions.com
Russel Beron
+852 2378 6621
coresolutions.com
Contact
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