Press Releases
Neiman Marcus Expedites Imports with TradeBeam
San Mateo, CA, Sept 30, 2003—TradeBeam, Inc, a leading provider of global trade management solutions announced today Neiman Marcus a major retailer offering distinctive products to the discerning consumer, has deployed the TradeBeam Global Trade Management Suite. The solution dramatically reduces the cycle time, costs and risks associated with the high import volumes for the Neiman Marcus Stores, Neiman Marcus Direct and Bergdorf Goodman business units. Ensuring goods flow smoothly across the multiple players and systems to support the entire lifecycle of a global shipment across order, logistics and settlement activities.
The TradeBeam solution is providing order and shipment visibility, document management and trade compliance for all Neiman Marcus inbound shipments. The solution includes both pre- and post-entry facilitation and transshipment screening, as well as key import administrative functions, including; product classification, trade content, assist management and alerting and reporting. An integrated catalog enables orders to be synchronized with global logistics operations to provide total visibility from order to entry destruction. Neiman Marcus is able to run reports to establish and evaluate metrics around the duration of certain key tasks, and the relative performance of critical partners, individuals and activities.
The TradeBeam solution will provide returns to Neiman Marcus that will be measurable despite constantly changing buying patterns to meet fashion trends. “TradeBeam has laid the foundation for Neiman Marcus to begin realizing significant operational benefits and reduced shipment cycle time,” said Jimmy Howell, Vice President of Transportation and Logistics. “In addition to the help the solution provides in managing the Customs process, it also provides visibility into order status and events that occur throughout the supply chain. It will reduce our costs and complement our vision for logistics control.”
“The Neiman Marcus Group, Inc. required trade compliance, shipment visibility, exception-based management, document control and seamless integration with their freight forwarders, transportation providers and brokers. With TradeBeam’s integrated solution they will be able to achieve their import business goals, ensuring proactive control of their global operation,” said Duncan Jackson, Vice President Marketing and Business Development at TradeBeam.
With TradeBeam’s Global Trade Management Suite, The Neiman Marcus Group will be able to:
- Ensure compliance with import regulations
- Reduce costs and shipment cycle time
- Gain accurate and real-time visibility into all inbound shipments
TradeBeam’s Global Trade Management Suite has been created to manage global supply and distribution chains, to optimize the Procure-to-Pay and Order-to-Cash cycles for global trade. The solution provides an end-to-end application suite for order, shipment and settlement processes with cross border trade compliance, event management and partner integration.
About The Neiman Marcus Group, Inc.
The Neiman Marcus Group, Inc. is a leading national retailer offering distinctive products that connect with the discerning consumer. The Group includes Neiman Marcus Stores and Bergdorf Goodman—and the direct marketing segment, Neiman Marcus Direct. These renowned retailers offer upscale assortments of apparel, accessories, jewelry, beauty and decorative home products.
About TradeBeam
TradeBeam is a Global Trade Management software and services company providing a solution that streamlines global trading processes for enterprises and their partners. TradeBeam delivers an end-to-end solution including trade compliance across order, logistics and settlement activities to improve global trade operating efficiencies and cash flows. We expect TradeBeam 2.0 to deliver twelve plus (12+) days of improvement for your business’ cash flow.