GNX ANNOUNCES LAUNCH OF NEW SOURCING SOLUTION
With new platform, powered by Emptoris, GNX now supports entire range of retail sourcing needs, from simple online auctions to complex strategic sourcing programs.
San Francisco, CA – May 10, 2004 – GlobalNetXchange (GNX), a leading e-business solution and service provider for the global retail industry, today announced the launch of a new and expanded sourcing offering that will provide retail industry customers with a comprehensive, retail-focused online toolkit to manage the end-to-end strategic sourcing process.
After an extensive evaluation of sourcing software vendors, GNX selected Emptoris to power the new GNX Sourcing solution. GNX will supplement the standard Emptoris software with additional functionality and services designed specifically for retail. This enhanced retail sourcing solution will be offered exclusively for GNX customers. With the new sourcing platform and expanded professional and customer support services, GNX now addresses the full range of sourcing needs for the retail industry.
"Having achieved great results with our e-sourcing program to date, Kmart buyers are enthusiastic about using the new GNX tool to support an even broader range of their everyday sourcing activities. Kmart has signed up to be one of the first retailers to transition to the new GNX tool, because we believe its expanded capabilities and simplicity will accelerate our initiative to scale e-sourcing across the Kmart organization," said Bruce Johnson, Senior Vice President, Supply Chain and Operations, Kmart Management Corporation.
GNX is already running the robust and user-friendly Emptoris solution on a secure, hosted platform. The new GNX Sourcing solution provides the key functionality needed to manage all buyer and supplier interaction, from initial supplier qualification to complex RFQs and competitive bidding.
"We are very excited to launch the new and expanded GNX Sourcing solution, which we believe will significantly enhance our ability to serve the needs of retail industry customers," said Joe Laughlin, CEO of GNX. "Having enjoyed the benefits of online auctions for years, GNX customers are now demanding increasingly sophisticated sourcing tools and services to support the growth of their programs -- the Emptoris platform provides the functionality our customers need, while enabling GNX to focus on delivering the services and support required to successfully implement and scale online sourcing programs."
"We’re pleased that GNX has chosen Emptoris to provide the foundation for their new sourcing solution. Their selection of the Emptoris solution is strong validation of the platform’s powerful capabilities. We look forward to working closely with GNX as we continue to add retail-specific features and functionality that will help retail industry customers drive additional value from their strategic sourcing initiatives," said Avner Schneur, CEO of Emptoris.
About GNX
GNX is an e-business solution and service provider for the global retail industry. GNX solutions help retailers, manufacturers and their trading partners reduce costs and improve efficiency by streamlining and automating sourcing and supply chain processes. With a hosted platform, comprehensive customer support and deep retail experience, GNX simplifies the implementation process – and makes technology investments go further. GNX customers include many of the world`s largest retailers and manufacturers: Federated Department Stores; Carrefour; Coles Myer; KarstadtQuelle AG; The Kroger Co.; Metro Group; Pinault-Printemps-Redoute SA; Ace Hardware; J Sainsbury plc; Sears, Roebuck and Co.; Bed Bath & Beyond; Diageo; Unilever; Colgate-Palmolive; and Kimberly Clark. Based in San Francisco, California, GNX also has offices in Herndon, Virginia, the United Kingdom, France, Germany and Japan. More information is available at www.gnx.com or +1(415) 399-0990.
About Emptoris
Emptoris is a privately held sourcing software company based near Boston, Massachusetts. Emptoris serves a broad range of customers across multiple industries, including American Express, Boeing, Cigna, Exostar, Fleet Boston Financial, GlaxoSmithKline, Motorola, Owens Corning and Samsung America. For more information, visit Emptoris at www.emptoris.com.
CONTACT:
Melissa Gisler
GlobalNetXchange
415.283.3804 or mgisler@gnx.com
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