Home / Knowledge / News / Information Technology / P&G extends GT Nexus supply chain solution contract
P&G extends GT Nexus supply chain solution contract
25
Sep '13
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.
 

GT Nexus


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X