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Sourcing Network (“ISN”) Global Financial Platform – GFP platform can eliminate the needs of issuing letter of credit for retailer for overseas purchase. CIT’s credit assurance of C-Me’s retail partners and overseas local bank alliances such as Bank SinoPac, provide accounts receivable financing to SMEs for their cash flow needs. The Company believes GFP platform will reduce the cost and risk of importing by as much as 50% as compared to standard letters of credit that are normally required. Virtual
Trade Show Web
Design And Hosting
The
Company believes its merchandise sourcing services create time
and cost efficiencies for retailers that lead to increased
merchandise turnover and higher gross margins.
Key benefits include the following: Cost
– Our sourcing service is delivered at no cost to the retailer
without legacy system integration and without eliminating the
“touch-and-feel” necessary to retail buyers.
Retail buyers are provided, free of charge, sample
merchandise to inspect quality and feel prior to placing an
order. Speed
to the Market
– Our services facilitate new relationships with foreign and
domestic SMEs, helping retailers to build their product sourcing
bases and lower prices. Retailers
may achieve higher margins by establishing direct sourcing
relationships with new international SMEs, directly lowering
cost of goods sold. Our
services allow buyers to eliminate face-to-face meetings with
SMEs. Each
transaction can be completed in less than one week rather than
the normal three to four week cycle.
This is a competitive advantage, as the other retailers
will be using a typical three to four week buying cycle.
The shortened transaction time is especially important
for off-price retailers with faster turning inventory, and all
retailers who purchase overseas.
This speed will assist in reducing markdowns, as the
selling cycle will be extended.
Assuming a normal markdown is 10% of retail sales,
purchases through the Internet Sourcing Network could have a
reduction of 5 to 7%, or 30 to 50% because of starting the
selling cycle sooner. Global
Sourcing
– We have sourcing offices in 10 countries to facilitate
direct relationships with overseas SMEs matching your product
development guidelines. What
are the costs? It’s
absolutely
FREE –
There is no cost to retailers, in fact consider
how much it will cost you not to join! |
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