Leading Electronics Retailer Selects GXS Solution to Reduce Manual Processes and Increase B2B Efficiency
GAITHERSBURG, Md. - February 5, 2007-GXS, a leading provider of business-to-business (B2B) e-commerce solutions, today announced that Circuit City Stores, Inc. has chosen the GXS Trading Grid® to increase B2B e-commerce penetration and visibility into its base of small and medium-sized business (SMB) suppliers. The GXS Trading Grid provides SMB suppliers with viable implementation solutions for exchanging outbound and inbound e-commerce transactions.
Circuit City now offers GXS Intelligent Web Forms, a Trading Grid service, to suppliers that do not currently have sophisticated B2B e-commerce infrastructures. GXS Intelligent Web Forms is an Internet-based forms solution that enables trading partners to trade electronically by simply filling out fields in a customized web-form. With GXS Intelligent Web Forms, every business with an internet connection and a Web browser has the ability to electronically interface with Circuit City to view, create, manage and transmit electronic documents. By enabling these suppliers with a complete suite of electronic transactions, Circuit City improves supply chain visibility and decreases time-consuming and costly manual processes.
“Providing all of our vendors with an easy to use, complete document set resource will greatly enhance the supply chain efficiency for information exchange and transportation management. Having complete visibility of inbound product through EDI and Intelligent Web Forms combined will improve our logistics effectiveness and productivity,” says Victor Engesser, vice president of vendor relations at Circuit City.
Through GXS Intelligent Web Forms, Circuit City suppliers can continue to receive electronic transactions from Circuit City, such as forecasts and purchase orders, and now also are able to send additional transactions to Circuit City, including advanced ship notices, invoices and forecast responses. In addition, GXS Community LinkSM, GXS’ best-in-class community enablement service, provides Circuit City with global trading partner ramping as well as technical support and change management for its suppliers.
“The emergence of low-cost, Web-based B2B solutions like GXS Intelligent Web Forms creates new levels of efficiency across the retail industry. Leaders in consumer electronics, grocery, hardlines and apparel are realizing the benefits of eliminating paper processes by expanding their B2B e-commerce networks to additional suppliers,” said Steve Keifer, vice president of industry solutions and product marketing at GXS. “Through GXS, Circuit City can expand its electronic integration to additional suppliers, with the goals of reducing out-of-stocks and lowering administrative costs. We are eager to be Circuit City’s e-commerce partner in improving supplier performance and streamlining e-commerce transactions.”
The GXS Trading Grid is a global B2B e-commerce and integration platform that supports the creation and adoption of on-demand supply chain management solutions for companies of any size. As the world’s largest electronic business community, the GXS Trading Grid is used by more than 40,000 customers to exchange goods and services, gain visibility into global logistics operations and to synchronize product data. Trading Grid helps customers automate global trading communities by shielding complexity from rapidly changing standards, eliminating manual and duplicative processes and enabling the highest levels of B2B integration and collaboration.
According to Gartner1, “As much as 85 percent of business processes depend on forms, and electronic counterparts (e-forms) can yield significant savings over paper in design, development, production, inventory, delivery, data quality and integration, as well as reduce the time and effort associated with paper-intensive processes.”
About Circuit City Stores, Inc.
Circuit City Stores, Inc. (NYSE: CC) is a leading specialty retailer of consumer electronics and related services. The domestic segment operates through 641 Superstores and 12 other locations in 158 U.S. markets. The international segment operates through more than 950 retail stores and dealer outlets in Canada. Located in Richmond, Virginia, Circuit City also operates Web sites at www.circuitcity.com, www.thesource.ca and at www.firedog.com.
GXS is a leading global provider of B2B e-commerce solutions that simplify and enhance business process integration, synchronization and collaboration among trading partners. Organizations worldwide, including 75 percent of the Fortune 500, leverage the GXS Trading Grid® to extend supply networks, optimize product launches, automate warehouse receiving, manage electronic payments and gain supply chain visibility. With an unmatched global presence, proven trading partner management and B2B outsourcing services, GXS’ on-demand solutions maximize the benefits of integration for businesses.
Based in Gaithersburg, Md., GXS’ extensive global network serves customers throughout the Americas, Europe, the Middle East and Africa and Asia Pacific regions. GXS can be found on the Web at www.gxs.com.
1 Gartner, “E-Forms Ripe for Greater Adoption, Fueling Overall Content Management Growth” by Toby Bell, May 11, 2006.
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