GNX STRENGTHENS ITS COLLABORATION SUITE WITH A SUPPLIER PERFORMANCE MANAGEMENT SOLUTION
Leading UK grocer Sainsbury’s Supermarkets Ltd. is piloting the tool with a view to rollout
San Francisco, California. – September 18, 2003 – GlobalNetXchange (GNX), the leading business-to-business marketplace for the global retail industry, today announced the launch of GNX Performance Management, a unique supplier performance management solution designed specifically for retail. The solution allows retailers and manufacturers to quickly and easily share performance and benchmarking data with large numbers of trading partners, and enables a collaborative process for tracking and improving upon Key Performance Indicators (KPIs).
As retail and manufacturing organizations look for new ways to improve supply chain efficiency in the face of heavy competition and margin pressure, ensuring optimal performance across the entire supplier base has become increasingly critical. But without an automated process and the right tools, managing hundreds or thousands of supplier relationships can be labor-intensive and difficult to scale.
The newest addition to GNX’s suite of collaboration solutions, GNX Performance Management is a simple, centrally hosted web-based solution utilizing data already residing in backend systems. By creating a standard way for retail trading partners to identify and correct areas of low performance, the solution can generate significant service level improvements and cost reductions for both parties.
“The GNX Performance Management tool could be the next stage of Sainsbury’s collaboration strategy – our view is that it will complement our other tools, enabling us to have a consistent dialogue with suppliers, and measurable actions for improvement. Early piloting has demonstrated a benefit from the structured workflow process and a disciplined approach to task completion and business improvements,” said Diane Carter, Director of Central Supply Chain Operations for Sainsbury’s.
CPM allows both parties to:
• Agree on performance targets by partner and product
• View actual performance across multiple KPIs
• Identify exceptions based on targets vs. actual results
• Share benchmark data, such as best, worst and average metrics across all partners and products
• Engage in systematic collaborative reviews
• Share key documents, manage tasks and post comments
• Manage collaboration activities through automated e-mail alerts triggered by key events
"We’re very excited to enhance GNX’s suite of collaboration solutions with this unique performance management tool, built by GNX with significant input from our retail customers. GNX can now support the full range of retailer and manufacturer collaboration needs, from simple data sharing, to structured performance tracking and improvement, to full process integration," said Joe Laughlin, Chief Executive Officer of GNX. “If you have a collaboration strategy, performance management can enhance it – whether you are just getting started, or ready to extend the benefits of collaboration to a much broader group of trading partners.”
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, 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 Group; Pinault-Printemps-Redoute SA; J Sainsbury plc; Sears, Roebuck and Co.; and Federated Department Stores. More information is available at www.gnx.com or +1 (415) 399-0990
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