Electrolux Selects GT Nexus as Collaborative Cloud-Based Global Freight Spend
Ability to Rapidly Adapt to Business Demand and Control Deviation
From Buying Strategies Across Global Ocean and Air Freight Network
Are Key Value Drivers
HAMBURG, GERMANY -- (Marketwire) -- 03/20/13 -- GT Nexus announced
today that it has been selected by Electrolux to provide a cloud
technology platform that will automate the closed loop global freight
spend management process for the leading appliance manufacturer.
Delivered as a service over the Internet, the platform will optimize
the entire purchase-to-pay life cycle for air and ocean
Electrolux is a global leader in household appliances and appliances
for professional use, selling more than 40 million products to
customers in more than 150 markets every year. Electrolux products
include refrigerators, dishwashers, washing machines, vacuum
cleaners, cookers and air conditioners sold under esteemed brands
such as Electrolux, AEG, Zanussi, Eureka and Frigidaire. In 2012
Electrolux had sales of SEK 110 billion and 61,000 employees.
"We needed better technology to support our move from normal annual
and spot buying to an ongoing, strategic freight management
approach," explained Bjorn Vang Jensen, Vice President Purchasing,
Global Logistics at Electrolux. "GT Nexus connects us with our
transport service providers and allows everyone to see and act on a
common set of shared rate information and related transactions in the
cloud. This collaboration will help us maintain strong, strategic
partnerships with our providers."
"We are pleased to add Electrolux to the community of global
companies that use our cloud supply chain platform," said Andy
Stinnes, MD Europe and EVP, Products and Strategy at GT Nexus. "With
GT Nexus, Electrolux extends its technology capabilities into the
cloud, and leverages a platform that has already been adopted by
thousands of other companies around the globe."
The GT Nexus Transportation Sourcing capabilities add standardization
and partner collaboration into the end-to-end spend management
process from initial procurement, through allocation optimization,
contract management, freight audit and final payment. A busi
intelligence layer sits on top of the information platform that
provides Electrolux with advanced analytics and real-time performance
With a long, complex global supply chain involving a diverse mix of
import and export trade lanes, reducing transportation cost is
important, but it's not the only driver for Electrolux. GT Nexus
provides the ability to identify options and evaluate the trade-offs
between service and cost, which is key. Also, with its ability to
track actual shipments as they occur and compare them against
contracted allocations in an integrated strategic dashboard, GT Nexus
offers Electrolux the environment for freight procurement teams to
control and adjust their buying strategies in real time.
The entire platform is being delivered to Electrolux as a cloud
technology service. The platform is shared by thousands of other
companies and supply chain partners.
Electrolux is a global leader in home appliances
and appliances for professional use, selling more than 40 million
products to customers in 150 countries every year. The company
focuses on innovations that are thoughtfully designed, based on
extensive consumer insight. For information, visit
About GT Nexus
GT Nexus offers a cloud-based platform that the
world's biggest companies use to drive efficiency and agility across
the global supply chain. Leaders in manufacturing, retail and
logistics services all share GT Nexus as their standard,
multi-enterprise collaboration platform. Users operate against a core
set of information across multiple supply chain functions to optimize
the flow of goods and trade information, from order point to final
payment. Customers include Pfizer, adidas, Nestle, DHL, Sears,
Caterpillar and Renault. For information, visit www.gtnexus.com.
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