Discount Retail Chains Finish Tokmanni and Norwegian Europris tapped via their joint subsidiary Tokmanni Europris Trading in Shanghai, CBX Software and its Product Lifecycle Management (Retail PLM) solution. Retailers and Brands with large private label brand operations use CBX to achieve their strategic product development, sourcing, supply chain automation and digital transformation goals.
Tokmanni and Europris are similar discount retail models and carry a wide range of fixed assortment and in & out products such as tools, electrical equipment, clothing, home decor, garden, home cleaning, personal care products and food. Tokmanni and Europris operate around 200 stores in Finland, and Europris operates 235 stores in Norway to go along with an e-commerce business in their countries.
“Our product sourcing process is constantly being improved, and our existing program could not provide enough analytical data at the point of production and pre-shipment inspection,” explains SzeWan Cheng (China), Managing Director of Tokmanni Europris Trading (Shanghai) Ltd. “We needed a single source of truth to combine information, including supplier/vendor master data, factory compliance, item, inspection, order follow-up and the overall critical path of our products.
“CBX was the best fit for us,” says Timo Heimo, IT and SCM Director at Tokmanni. “It combines information at the factory level and product orders allowing us to track planned and actual completion of key milestones within our vendor orders”.
About CBX Software
CBX Software is the world’s leading Total Sourcing Management solution provider from concept to delivery – combining people, processes and solutions. CBX helps retailers and brands streamline product development and sourcing all the way through order, production and delivery. Through innovative Sourcing Management, Product Life-cycle Management (PLM), and Production & Order Management technology solutions, CBX empowers the supply chain network by driving collaboration to over 15,000 retail & supplier partners, and 30,000 users in more than 50 countries.
Tokmanni is Finland’s leading discount retailer chain. Some 3,600 Tokmanni employees make customers’ everyday life and special occasions easier by offering a versatile and up-to-date assortment of Finnish and international brand-name products and other high-quality products at prices that are always affordable. With nearly 200 stores around Finland and an online store, Tokmanni is always close to its customers. Tokmanni’s revenue in 2018 amounted to EUR 870.4 million. Tokmanni shares are listed on Nasdaq Helsinki.
Europris is one of the country’s most famous chains with 235 stores around Norway and offers a low price adventure for their customers. With stores located throughout the elongated country, and growing by approx. 10 new stores every year, over 90% of all Norwegians say they know about and have shopped at the stores. 30% of Europris stores are owned by franchisees and 70% are own and operated by the company.