Core Solutions CEO Briefs Wall Street on Leveraging Supply Chains to Increase Profits

NEW YORK - June 26, 2013 - PRLog -- New York: June 26, 2013– Michael Hung, CEO of Core Solutions (http://www.coresolutions.com/), a leading provider of global sourcing and extended supply chain automation solutions for the retail industry, addressed financial analysts and retail executives in a briefing with Deborah Weinswig’s Retail Tech Conference Call Series on Friday June 21, 2013.

Hosted by top Citi retail analyst, Deborah Weinswig, Michael Hung presented on the topic, “Increasing Retail Profits with Extended Supply Chain Management,” with a focus on how optimizing sourcing and supplier collaboration can drive dramatic profit growth. The briefing was part of a series covering retail technology through discussions with senior executives from leading retail technology providers.

In the session Michael Hung challenged traditional ideas of both retailing and supply chain management which often cross over today and are much broader in scope, including product development, global sourcing, quality and social issues. The briefing covered some of the key strategies retailers are employing such as growing their private label programs and increasing their direct sourcing operations. Benefits include reducing costs, improving differentiation from branded merchandise and increased profits.

“Most retailers today still suffer from process challenges in their supply chain and sourcing functions, such as reliance on spreadsheets and other manual procedures which hinder visibility, collaboration and effective management,” said Michael Hung, CEO, Core Solutions. “These are fairly basic issues they can address with process improvement and by implementing the right technology.  The results are a dramatic reduction in lead times, responsiveness to trends and increased profitability.”

To hear a replay of the call, you may dial-in to: 888-203-1112; Passcode: 3164590

###

About Deborah Weinswig

Deborah Weinswig leads the Retailing/Broadlines and Food & Drug Chains team at Citi Research. In 2012, Deborah received ICSC's Researcher Award  for Outstanding Service. Deborah was identified in 2011 and 2012 as the top ranking analyst in the Retailing/Broadlines Industry as an Earnings Estimator and ranked second and third place (respectively) as a Stock Picker by StarMine. In the 2011 Institutional Investor Survey, she received the First Place ranking for Retailing/Department Stores and Broadlines (marking the eighth consecutive year that she received the First Place ranking) as well as Runner Up in Food & Drug.

About Core Solutions

Core Solutions (CORE) helps retailers, brands and suppliers streamline their supply chains, from Concept to Delivery. CORE’s extended supply chain management platform (CBX) enables organizations to drive greater speed, agility and efficiency and profit in bringing private label and branded merchandise to market. The CBX platform includes modules for Planning, Product Development, Buying, Sourcing, Order Management, Logistics and Finance. To learn more, visit www.coresolutions.com.

To receive the slides, or more information, contact:

Russel Beron

Core Solutions

info@coresolutions.com

1.908.898.1880