Home / Knowledge / News / Information Technology / GT Nexus to show benefit of financial supply chain control
GT Nexus to show benefit of financial supply chain control
21
May '13
During the Gartner Supply Chain Executive Conference, being held May 21-23, 2013 in Phoenix, Arizona, Columbia Sportswear and GT Nexus will share insights and best practices for deploying cloud technology in a multi-enterprise environment to accelerate financial supply chain performance.

Fred Pond, Vice President, Chief Information Officer of Columbia Sportswear and Kurt Cavano, Chief Strategy Officer at GT Nexus, will share lessons learned from Columbia's technology approach to executing global procure-to-pay processes in which buyers, suppliers, financial institutions and other key 3rd parties operate on the same cloud platform.

"Back in 2005, Columbia Sportswear was one of the early adopters of cloud technology in the supply chain," said Cavano. "They connected their supply network on our platform and dramatically improved visibility into orders and payments on both sides of the transaction. They not only eliminated letters of credit but they used automated PO and invoice delivery to execute programs for early payment discounts and customs duty optimization. Columbia is truly a cloud supply chain innovator."

Columbia Sportswear is a $1.6 billion global outdoor apparel and footwear company that sources its products through a global supply chain and sells its products in more than 100 countries. Columbia utilizes cloud as an extension of its ERP system to connect with all of its trading partners and maintain a system of record for the supply chain.

Cloud technology enables companies like Columbia to improve supply chain visibility and agility while reducing costs. Financial supply chain workflow automation has allowed Columbia to grow without adding new resources in areas such as accounts payable and procurement.

Summary of Columbia Sportswear's Session at the 2013 Gartner Supply Chain Executive Conference:

Cloudsourcing: Physical and financial supply chain convergence in action

Despite years of hype, the concept of intertwined information networks that synchronize the flow of goods and money have proven elusive for most companies. Columbia Sportswear has led innovation in this area by moving global sourcing and vendor financing to the cloud to connect its network of suppliers, logistics providers and financing partners on a common platform. In this case study session, learn how a cloud based multi-enterprise platform has enabled Columbia to operate as an agile network, driving improved responsiveness, supply chain segmentation and operational excellence.

About GT Nexus

GT Nexus operates the world's largest cloud-based business network and execution platform for global trade and supply chain management. Over 25,000 businesses across industry verticals, including adidas Group, Caterpillar, Citi, Columbia Sportswear, DHL, Electrolux, Levi Strauss & Co., Kohl's, Nestlé, Pfizer, Renault, and Sears share GT Nexus as their standard,multi-enterprise collaboration platform.

GT Nexus


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search