![]() The platform also facilitates tech pack creation. Every department is using Centric PLM to execute tasks from concept, design, development and SKU creation to CAD, costing and setting pricing for both retail and wholesale. Now, Frankies Bikinis has all its product data in a central, digital hub, while communication among team members is efficient. Once those uploads were complete, Frankies Bikinis could drive into each style by adding colorways and the appropriate bill of materials (BOM). From there, the Centric team uploaded all the SKUs housed in the brand’s ERP system. Implementing Centric involved two-to-three months of training and learning the system. That was when we raised the flag and said that we can’t use spreadsheets for this anymore.” With that rapid increase, it was even more challenging to track the design and development that went into those new styles. In 2020 our business increased by 70 percent-I would say about 300 SKUs. “The spreadsheets and basically all of the archaic ways of tracking weren’t really suitable for how quickly we were growing. “Not only did we need a great design and development group, we needed a system to track and accelerate it,” Mowry said. Kalin Mowry, director of production and development at Frankies Bikinis, wanted to move the design and development from third-party contractors to in-house, building a case for both a PLM platform and an in-house team. PLMīeachwear lifestyle brand Frankies Bikinis has implemented technology from Centric Software to gain visibility into product design and development, and better track individual SKUs. The company offers electronic data interchange (EDI) order processing, logistics management services, warehouse management, inventory management and services such as customer service and call center outsourcing and customized packaging services. Fulfillment Works still operates as its own business with three warehouses in Reno, Nev., and North Haven and Shelton, Conn. Stord acquired Fulfillment Works, a direct-to-consumer (DTC) fulfillment provider, in September. With the software platform, Stord says it has built deeper order and inventory visibility, system connectivity and business intelligence capabilities.Īmazon veterans Steve Swan and Shyam Sundar were named chief operating officer and vice president of engineering, respectively former Bumble exec Sarah Feulner was named vice president of people NCR alum Mark Satisky was appointed vice president of corporate development and Shippo veteran Mario Paganini became vice president of marketing. Stord also launched an integration with Salesforce to enable Commerce Cloud customers to easily integrate their sales channels, retail partners and logistics with its own cloud supply chain software platform. Stord also has expanded partnerships with enterprise customers including Coca-Cola, BodyArmor, Dollar General and Niagara Bottling. There are now more than 1,000 facilities in its network, with the company bringing on new brands to its network including Thrasio, Native, Tula, Judy, Curie and One Fresh Pillow. ![]() In the past six months alone, Stord has grown its headcount from 400 to over 700, and expects to close 2022 with more than 1,000 employees. ![]() The company plans to use funding to expand its capabilities in logistics and technology, while building out its team. Retail Tech: J.Crew's New Private-Label Credit Card, Asics x BlueConic The company is now piloting an entirely new software product to improve operational efficiency across warehouse facilities, whether first-party, third-party or customer-owned. Stord says it is currently building additional orchestration and optimization capabilities into its software offering that brands can use to connect and manage their own supply chains. The supply chain software gives brands a single, integrated platform that unifies freight, fulfillment, warehousing, packaging and parcel/last-mile delivery, while offering full visibility and insight across their supply chains. Stord’s digital warehouse and distribution network helps brands bolster their logistics capabilities, leveling the playing field for mid-market and enterprise companies to offer customers speedy deliveries, better prices and great experiences. New investors Sozo Ventures, Strike Capital and 137 Ventures, along with existing investors Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures, Lux Capital and Salesforce Ventures contributed to the Series D. Now valued at roughly $1.3 billion, Stord recently crossed $200 million in annualized revenue run-rate and has raised $325 million in total funding. Supply chainĬloud-based supply chain technology Stord has raised $120 million in additional financing led by Franklin Templeton, bringing its total Series D funding to $210 million. The weekly Retail Tech Roundup compiles technology news across the supply chain, manufacturing, retail, e-commerce, logistics and fulfillment sectors.
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