DIAGEO GOES LIVE WITH GNX SUPPLY CHAIN COLLABORATION SOLUTION
GNX helps leading global beverage manufacturer launch an upstream supply chain collaboration program with three raw materials suppliers in less than four months
San Francisco, California. – June 4, 2003 – GlobalNetXchange (GNX), the leading business-to-business marketplace for the global retail industry, today announced that the European manufacturing division of Diageo has joined the exchange and implemented the GNX Supply Chain Collaboration Suite, powered by Manugistics, to support an automated collaborative replenishment process with its dry goods suppliers.
Diageo is the world`s leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, wine and beer categories. These brands include Smirnoff, Johnnie Walker, Guinness, Baileys, J&B, Captain Morgan, Cuervo, Tanqueray, Captain Morgan, and Beaulieu Vineyard and Sterling Vineyards wines.
The collaborative replenishment planning process is being introduced initially to three dry goods suppliers covering glass, packaging and label categories. With daily automated data uploads, Diageo and its partners have real-time visibility into each other’s production plans, inventory levels and upcoming delivery schedules. Guided by exception alerts generated by the GNX solution, the suppliers now have better information to make decisions regarding their production plans and required deliveries to Diageo plants. Alerts also notify Diageo process owners about projected over or under stock situations, allowing them to take corrective measures before any costs or shortages are incurred. Diageo projects that the collaborative replenishment process will deliver more accurate replenishment with reduced administrative costs, resulting in lower inventory, reduced logistics costs and better availability.
"Because we see tremendous value in leveraging the strengths of our trading partners, Diageo has made the commitment to integrate collaborative replenishment planning end to end across the supply chain. CPFR with suppliers completes our third tier of collaborative integration and is a first in our industry. The plan is to expand this program beyond the initial three suppliers to more than 50 by the end of 2004 providing a common process for all supply centres and key suppliers” said Paul Reilly, Diageo Global Supply’s Collaboration Director. “We chose to partner with GNX because they offer a proven, full-service solution plus the expertise required to make the solution fit our unique supply chain processes – with minimal fixed costs and a fast implementation cycle."
"We are pleased to welcome Diageo to the GNX community, and look forward to supporting the rollout of this innovative replenishment process to the rest of their strategic supplier base," said Joe Laughlin, chief executive officer of GNX. "Diageo becomes the first supplier to collaborate with upstream trading partners on the GNX platform, demonstrating the flexibility of the GNX solution and our expertise in designing collaboration programs to support business processes across the entire retail supply chain.”
About GlobalNetXchange
GlobalNetXchange, LLC is the retail industry exchange focused on customer success. GNX helps retailers and manufacturers streamline the processes at the core of their business and drive down costs across the entire supply chain. Working with world-class technology partners, including Oracle, Manugistics and Sun Microsystems, GNX delivers cost-effective access to superior technology solutions in a secure, hosted environment. GNX partners include many of the world`s largest retailers: Carrefour SA; Coles Myer Ltd.; Karstadt Quelle AG; The Kroger Co.; METRO AG; Pinault-Printemps-Redoute SA; J Sainsbury plc; Sears, Roebuck and Co.; and Federated Department Stores. More information is available at www.gnx.com or 415.399.0990.
About Diageo
Diageo is the world`s leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, wine and beer categories. These brands include: Smirnoff, Johnnie Walker, Guinness, Baileys, J&B, Captain Morgan, Cuervo, Tanqueray, Captain Morgan, and Beaulieu Vineyard and Sterling Vineyards wines.
Diageo is a global company, trading in over 180 markets around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO).
Contacts:
Melissa Gisler
GlobalNetXchange
mgisler@gnx.com
415.283.3804
Laura Janes
Manugistics Group, Inc.
ljanes@manu.com
301-255-5330
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