CIMdata PLM Industry Summary Online Archive
22 December 2008
Company News
ecVision® Continues to Grow in Product Offerings, Customer Base and Profitability
Ten years ago, ecVision started out as an EDI provider with roots in Hong Kong and China. Today it has grown into a full product lifecycle and supply chain software provider, primarily serving the apparel and footwear industry. From its US office in New Jersey, ecVision has engaged some of the biggest retailers and brand owners in the industry including Timberland, New Balance, JCPenney, Abercrombie & Fitch and Phillips Van-Heusen.
CXOs looking at solutions like ecVision should take note of its remarkable 5-year history of profitability as a testimony of its sustainable business model delivering valuable services to its customers, unlike those companies with a "growth at all costs" strategy that may lead to a collapse in any downturn.
ecVision's ability to deliver higher rewards to its customers by providing a rapid implementation of its solution, while still controlling costs for development and professional services, has been the catalyst for this long term success. "Profitability is important to sustain the company and continue our research & development efforts that eventually support our user community with enhanced product functionality and features," said CEO Thomas Ng. "In a challenging economy when most retailers are insisting that technology investments deliver ROI back to the organization quickly, we can point to the solution's capacity to improve productivity by 20% to 50%, reduce costs across all spend types, provide a system from strong supplier collaboration and visibility, and minimize risk by capturing actionable information and managing the supplier network."
Year after year, ecVision has added new product offerings that continue to attract retailers and brand owners as an integral part of their private label sourcing and supply chain management processes. ecVision's product, XpressCommerce®, is a web-based solution that connects retailers to their supplier network, and delivers the key functions of product lifecycle management (PLM) and supply chain execution (SCE) systems in a single solution. The key functionality in the system enables retailers to manage capacity and raw material reservations, global sourcing and costing negotiations, customer and purchase orders, track production and shipment milestones. The framework supporting this functionality includes strong collaboration, reporting and visibility tools to provide management teams with the ability to make proactive decisions about their product lifecycle and supply chain operation.
With XpressCommerce, retailers are able to be more flexible with changing consumer trends, increase margins, improve productivity of their global supply network, and deliver quality items to their customers.
Customer retention remains at 100% and in a recent poll, over 87% of its customers plan to add more functionality to their installations in 2009.
This year alone, ecVision has shown its place in the PLM/SCM space with new customer acquisitions bringing online hundreds of new users. Two major product releases have added business and infrastructure functionality that enhances the reporting capabilities and framework infrastructure for system efficiency and ease-of-use. Additionally, it developed and launched an open source framework platform that enables development teams in any industry to build and deploy Web applications with pre-built UI functionality for collaboration and visibility features.
In the coming year, ecVision will add functionality (new process modules including factory compliance audit and goods inspection), usability (user interface widgets and mobile extensions for wireless systems adapted from XpressRoad's development initiatives) and configurability (UI design and improved configurability tools).
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