Aaron Sasson, CEO of GT Nexus, discusses how building and running a cloud company is radically different from running a traditional business software company.
The ability to see into every aspect of a supply chain in real time is becoming imperative in achieving operational agility.
After experiencing multiple issues filling orders over the holiday season, Best Buy takes a deeper look at its supply chain. Greg Johnsen, chief marketing officer of GT Nexus, says that "new Internet-based IT infrastructures allow retailers to find inventory to meet demand in seconds,” and notes that while running a complex global supply chain is challenging, there are remedies.
Is it possible that cloud technology could replace internal corporate ERP systems? Every day cloud becomes less of a mystery and more of a reality for global supply chains.
Manufacturing businesses should see 2012 as an opportunity to improve the resilience, value and cost of their supply chain systems by connecting internal business systems and processes, such as ERP, job scheduling and financials, to the wider supply chain, using cloud computing.
Network platforms that integrate transportation carriers, shippers, consignees, and 3PLs can do more than provide transportation and logistics services. The connectivity and end-to-end visibility they provide offers the potential to reduce risks and transaction costs for banks and other lenders, lowering the cost of capital and increasing velocity across the supply chain.
The missing link in supply chain management is not a software problem. This key issue is about automating processes that happen between companies and their partners.
Today's financial supply chain typically lacks true operational insight to a supply base, the ability to automatically reconcile transactions, and the ability to fine-tune credit decisions based on expanded risk metrics. It's time to marry the physical supply chain to the financial supply chain.
The story behind Caterpillar’s complex supply chain and how visibility through GT Nexus has been key in keeping Cat moving.
By enabling new models of information sharing, the cloud can address long-standing supply chain issues around visibility, data quality, and scalability.
Lean inventories and ocean-based supply chains put a premium on IT; the cloud helps clear some of the fog for this large U.S. health care products corporation.
"One of the biggest stories to unfold this fall in the ocean carrier arena was when The GT Nexus Shipper Council announced the challenge for the Top 30 players to make good on their promise to collaborate."
"Cloud computing provides the only real vantage point from which companies can see how one event is going to not only affect the sustainability of the company, but also how they might actually profit because of it."
Logistics managers are answering calls for change with some of their own details on how to overhaul a frayed shipping business model.
The rise of complex and global business networks means that a majority of supply chain data will be generated outside a company's firewall. How can companies manage the scale, quality and security of the data in the supply chain?
A broad, multi-part discussion with GT Nexus Cofounder Greg Johnsen on the history and vision of GT Nexus.
Certified GT Nexus partner enVista leverages GT Nexus platform to significantly reduce ocean carrier costs and improve carrier service.
Progressive companies are making the most of the business intelligence (BI), agility and economics that new supply chain technology offers.
Now that cloud computing has officially arrived in the mainstream IT world, practitioners in different industries are racing to figure out what it means. Here are 10 things to consider when moving your supply chain into the cloud.
Many are concerned with data security in the cloud. This article takes a close look at this issue and suggests what to look for in cloud vendors so that your data is secure and always available.
Cloud technology can help manage inventories when disaster strikes.
Forbes interview with Socialtext on how real-time collaborative information sharing platforms are changing the world.
In this webcast, Greg Johnsen, EVP and Co-Founder of GT Nexus discusses the opportunity cloud technology represents for supply chain management, touching on better economics, visibility, collaboration and agility.
Companies align to offer strategic services and solutions to improve market insight and supply chain performance for global shippers.
"GT Nexus has been Del Monte’s global transportation management system of record since 2007. The expanded services will further automate the inventory and document management processes between Del Monte and its international supplier community."
GT Nexus is selected for Supply & Demand Chain Executive Top 100.
"The on-demand delivery option makes visibility tools available faster and at lower cost than installed systems…"
"We saw that the platform could offer us a much better insight into our pipeline, and by having that insight, we could adapt our supply chain quickly to the ever-changing environment we work in...Cloud technology certainly seems to me to be the way forward."
This report focuses on how best-in-class companies gain visibility into critical elements across the end-to-end logistics network to improve cost and service.
"It's much more than migration from one business model to another. It's evolution versus revolution, and there is definitely more revolution than there is evolution in cloud. It has opened up the way for new models of working together."
Why agility in supply chain management is more important than ever, and why you need cloud technology to get you there.
Gartner is now projecting a $150.1 billion cloud computing world market by 2013. The value proposition for this promising technology is reverberating across supply chains.
“It takes next generation control tower technology for supply chain. The control tower is cloud-based – it’s accessed over the Internet, as a service – and it becomes the central hub or informational “nervous system” that the company and its trading partner network relies on to collaborate and execute key business functions."
"By working collectively, the [GT Nexus Shipper Council] has improved their data quality levels from below 65 percent to more than 95 percent."
With the advent of cloud computing, supply chain financing stands to benefit hugely from its impressive capabilities to connect international business partners, says Bill Jetter.
"Cloud computing might sound like something from science fiction, but it's a technology with an uncanny knack for smoothing out logistics snarls and shining a light into supply chain black holes," says Greg Johnsen.
There's no longer any need to dream of real-time monitoring and visibility of orders, shipments, inventory and landed cost: it's a reality.
A look at the supply chain software market and current trends, one of the top trends being a migration to cloud-based supply chain solutions.
A strategy around knowledge engineering could translate to competitive dominance if successfully executed.
"Cloud computing marks the beginning of a very different and a very transformative era for global logistics."
Greg Johnsen, co-founder and executive vice president of marketing at GT Nexus, argues the case for streamlining supply chain communications for efficiency in the cloud.
"Among benefits Kraft Foods has achieved through GT Nexus' platform are: enhanced contract management, allocation decisions based on optimization scenarios, monitoring allocation compliance, spend consolidation, carrier rationalization, improved carrier relationships, and greater focus on analysis, negotiating and allocations."
How companies transform themselves into agile business networks.
Is cloud better at enabling the sharing of information?
"Cloud is not a fringe idea any longer. Specifically in the supply chain where companies are trying to collaborate and share information, cloud becomes more than just good IT economics."
"Bringing traders together to enhance visibility and collaboration continues to gain traction, especially as companies like GT Nexus raise the bar."
"The logical extension is the managed services approach which is where the running of the trading community itself on an on-going basis is outsourced to a third-party provider in addition to the initial implementation effort. GT Nexus is an example of a company that provides an established multi-tenant cloud platform with a well developed and deployed trading community within the Logistics Network."
"There's nothing more collaborative than supply chain...When I looked around, GT Nexus popped up many times way up on the radar screen."
Is cloud making the single version of supply chain truth possible?
International trade pros advise targeting areas to streamline costs, improve operating efficiencies, and cope with expanding regulations. Now, where should global shippers aim first? Three new reports may help.
The opportunities that open account financing brings in terms of redefining the supply chain are ongoing and will take several years to gain critical momentum in the market, but the increase in international trade means the move towards open accounts seems irreversible.
The economic crisis has dramatically increased demand for pay-as-you-play Web portals to manage risk in supply chains.
Global supply chain control towers are powerful operational centers, and their use is fast becoming a pre-requisite for good supply chain management.
Mehr als 10 Mrd. USD an See- und Luftfracht sind bereits über die GT Nexus Logistik-Plattform abgewickelt worden. Das Netzwerk vereint Verlader, Reeder und Transportdienstleister ebenso wie Banken.
"...what we are talking about is progress, and forwarders that learn to adopt and leverage this kind of technology, which is very customer-centric, actually become more competitive and attractive to customers."
Logistics technology businesses are expected to grow in 2010 as shippers get a tighter grip on supply chains.
Combine robust software with a connected network of supply chain partners and deliver the entire platform over the Web on a pay-as-you-go basis and you have a model for next-generation supply chain solutions, says Greg Johnsen, executive vice president of GT Nexus.
Supply chain management software will afford manufacturers the opportunity to better manage their inventory levels and increase the level of customer service by providing a high level of visibility. They can reduce their overall costs without sacrificing any service or inventory policies in place.
"Greg Kefer, director of corporate marketing for GT Nexus, believes this exact dynamic [a profound disruptive innovation] is at work today in the supply chain software and technology sector...The best part is that we're getting closer than ever to true end-to-end visibility in the supply chain."
Take the seven-second global supply chain visibility test. If you aren’t getting a full picture on time, every time, there is room for improvement.
“GT Nexus has a much wider footprint of the three catering to all modes. They provided hosted logistics solutions for a wider variety of logistics participants...has been able to address SCM market trends and needs. With their hosted application service they have a much broader revenue stream and are not as easily affected by the downturn in the container traffic.”
"With respect to the logistics management services and the connectivity and visibility required to execute these IT initiatives in today’s market, there’s really no reason not to be operating — if not standardizing — on a third party-hosted global logistics network."
Le concepteur de la “Fast Fashion” et propriétaire des marques Zara, Massimo Dutti, Pull and Bear, Bershka et Oysho, fait de GT Nexus son hub d’information logistique unique sur le Web.
O GT Nexus anunciou ter sido escolhida pela SCA Transforest para fornecer dados de logística global e aplicações empresariais baseadas em uma ferramenta na web para gerenciar as taxas de frete e serviços.
The new system will manage Nestlé’s ocean freight procurement process in one working environment.
Ocean transport contract management software can help shave 5-12% off transport costs, while track-and-trace technology gives a transparent supply chain in which there’s no need to build up expensive inventory to compensate for uncertainty about whether there is enough product in the right place at the right time.
Increasing demands from high volume exporters and importers are spurring container e-commerce portals to diversify their services. Read about three different approaches and see how "GT Nexus . . . has much wider ambitions, forging a ‘global trade and logistics portal’."
Ex- und Importeure mit weltumspannenden Transportketten vernetzen sich zunehmend elektronisch mit all ihren Lieferanten und Dienstleistern. So können alle Warenbewegungen länder- und verkehrsträgerübergreifend verfolgt und gemanagt werden.
GT Nexus will seine Aktivitäten in Europa nach der Übernahme der Hamburger Metaship AG weiter ausbauen. Geschäftsführer Wolf Scheder-Bieschin sieht gerade in der wirtschaftlichen Krise eine Chance für On-Demand-Lösungen und kündigt an, dass zukünftig auch Landtransporte leichter über GT Nexus disponiert werden können.
Consolidation in the software industry is evidence not of the end of “best-of-breed” offerings, but of the end of the purchase-and-install packaged software model. On-demand portals come with built-in access to data networks that extend far beyond the four walls of the enterprise and span the full range of global business processes.
“One of the big challenges in supply chain is getting information, the right information, complete and in time,” acknowledges Greg Johnsen, executive vice president of sales and marketing for GT Nexus of Oakland, Calif. “Whether the risk we’re talking about is missing a ship window or not getting the right combination of products to a customer sales point and missing out on a very expensive promotion, what you’re doing is missing out on revenue.”
“With this investment we will have a greater productivity and gain greater efficiency, which impacts directly on our results...The technology for monitoring the transport of containers was developed in partnership with GT Nexus..."
"Using GT Nexus’ visibility system has allowed us to anticipate potential bottlenecks in our supply chain. We can be more proactive, and plan both our truck deliveries and carrier base more efficiently now."
When done right – GT Nexus is my favorite example – many-to-many connectivity is ideal for hosting in the cloud. An integration hub in the cloud lends a cost-effectiveness and level of productivity to complex processes that depend on lots of connectivity – like GT Nexus’ global trade logistics management – that simply cannot be done on premise.
“The major question that companies have to ask themselves is are they sitting on their hands while a major opportunity sits in front of them.”
ABLs could benefit from finding out what’s going on under the hood of the great logistics machine that drives the international movement of goods.
In a container shipping context, the pay-as-you-go, totally web-based model used by GT Nexus ensures complete transparency at every stage of the container’s transit from port of origin to final destination.
GT Nexus has focused on data quality “over the last five or six years, enriching our platform with hundreds of industry business rules about specific partners so we can understand the idiosyncrasies of the data that individual partners are sending to the platform.”
Reengineering the Foundation for B2B Information Exchange in the Supply Chain
"GT Nexus is the market leader in providing the spend management technology we need and all of our partners were already on the platform. We get all of the enhanced technology, in the cloud. The overall value proposition was very attractive to us."
Mike Collins
Vice President, Inbound Transportation and Logistics
Medline Industries