GT Nexus announced that Procter & Gamble (P&G) has renewed and expanded its contract for global supply chain management technology and services. P&G has been using the GT Nexus platform since 2001 to manage its global logistics spend. The expanded solution gives users centralized transportation management and real time visibility into inventory flows across the global supply chain.
"Supply chains are networks that require a different class of technology," said Sean Feeney, CEO at GT Nexus. "Over the past few years many companies have steadily extended GT Nexus across different regions, essentially turning on the lights internally and at partners."
GT Nexus uses a "single version of truth" model to deliver supply chain visibility and execution by shifting the information processing from the nodes to the center of the network. All parties are connected to the same cloud-based platform and partners are provided views into a common, standard information set, including the status of orders, inventory, shipments, documents and payments.
Using a centralized TMS control layer, communications about shipment information and bookings are communicated in a common format to GT Nexus's connected carrier network. As information changes, the entire network gets updated instantly providing an unprecedented level of global transportation management and visibility.
GT Nexus also provides clients with a data quality managed service, which helps ensure the information flowing across the partner network is accurate, timely and complete. Many companies underestimate the data quality challenge. As an industry utility that processes over $100 billion in commerce each year, GT Nexus has deep experience managing complex data flows.
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.
This enables all network participants to operate against a core, real-time and always on set of information across multiple supply chain functions, allowing them to optimize the flow of goods, funds and trade information, from the point of order through final payment.