Mysource Evolves into Common Objective
June 7, 2017
Last year we worked with the Ethical Fashion Forum to back the development of Mysource, a new platform designed to help the industry “Do Fashion Better”. Since then the continuous development of Mysource has led to a natural branding evolution. The mission, vision and ambitions of the site are to nurture a community that will build great businesses that create value for all. To do this, collaboration is key, as is everyone working together with a common goal. That’s why Mysource has rebranded to “Common Objective”, abbreviated to CO – standing for better business.
To eradicate the risks linked with non-compliance, so that scandals such as slave labour become a thing of the past, it’s now crucial that supplier relationship management is approached strategically. We are really excited to continue our work with CO and the online B2B platform that matches fashion professionals with the right connections and resources to build successful businesses, without compromising the need to safeguard ethical and sustainable business practices. The platform matches users with the people and resources to do business better, and rewards sustainability with higher search rankings, giving users a sense of security and making sustainability more of an opportunity not a cost.
One of the main challenges considered by the Ethical Fashion Forum is how do you grow a profitable company in a sustainable way with respect to the people behind the products and to the environment? Both we and CO believe that this can be achieved through business having improved visibility, transparency and compliance in fashion supply chains. These factors are what allow for effectively managed supply chains and truly connected supplier networks, from source through to final delivery.
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Customer Success Stories
We have found them to be an excellent business partner. Through the implementation of both their supply chain and sourcing software they have more than proven themselves in giving us a product that functions the way we need it to. LIMA has been a fantastic supply chain visibility tool, calculating real accurate landed cost position throughout the order lifecycle. The LIBERTY software matches our product sourcing business needs perfectly. PLM systems I’ve previously used, often bring lots of issues through implementation, but these guys managed this and I’ve got highly satisfied users.John Amm - GM Global Sourcing, Myer
The solution has realised more benefits than we initially thought possible. Claims notifications are being handled in a fraction of the time. Suppliers are making fewer calls into the office and quality scores have increased dramatically. All of this can only have had a positive impact on the customer experienceMartin Ashfield, head of commercial property claims, AXA
The system alerts us to exceptions against our plan, allowing us to focus our attentions on solving the real issues in the supply chain. Having a comprehensive audit trail of events for everyone to see has resulted in significantly improved service levels from our suppliers and agents.Darren Walker, head of generics buying and UK trading, Alliance Healthcare
Now our buyers can exchange photographs with suppliers and have a real-time dialogue as they develop styles, while buyers out in the Far East can send detailed and accurate information back to their teams in the UK. It has certainly cut lead times and reduced errors.Maxine Walter, supply chain co-ordination manager, New Look
The time it takes to compile reports has been significantly reduced; a report which used to take five whole days to complete is now accomplished within a single day!Sam Brown, Responsible Sourcing Co-ordinator - John Lewis.