Cloud-based supply chain platform to provide inventory visibility, supplier collaboration, scan & pack and procure-to-pay capabilities for specialty retailer
Oakland, CA, July 14, 2010 — GT Nexus today announced that Restoration Hardware is expanding the capabilities of its Web-based logistics management technology platform to automate a full spectrum of import operations. GT Nexus has served as the retailer's global logistics management system for the past three years. The additional capabilities allow the retailer to automate, standardize and monitor supply chain activities from issuing purchase orders, through production, logistics and delivery, to final supplier payment.
Restoration Hardware, Inc. is a specialty retailer of hardware, bathware, furniture, lighting, textiles, accessories and related merchandise. The company operates more than 100 retail stores in the United States and Canada as well as a rapidly growing direct-to-consumer business that includes stand-alone catalogs and e-commerce sites.
"The value of connecting our suppliers and supply chain partners into a single, neutral platform and injecting an information standard to our import operations is huge," said Glenn Berger, vice president, transportation, at Restoration Hardware. "It has become clear to us that we needed to find an alternative to traditional software in order to recognize our vision. GT Nexus is the ideal solution because it was specifically designed to automate processes between companies and trade partners."
"Restoration Hardware is applying cutting edge, cloud-based technology to take its supply chain to the next level," said Greg Johnsen, EVP and co-founder of GT Nexus. "The global logistics management platform they have used since 2007 is built on a foundation that can easily be expanded. They will now be able to see every order, item, document, cost and logistics event across their entire partner network and make decisions based on what's really happening. That is extremely powerful."
The platform connects internal departments with suppliers, 3PLs, carriers, brokers, transload facilities, sourcing agents and financial systems to a common, secure information hub "in the cloud", via the Web. All supply chain data and documents are standardized, creating a single version of supply chain truth, which then powers business applications and interacts with other internal systems at Restoration Hardware.
As part of this expansion, Restoration Hardware is adding a number of strategic application suites for business process automation, including:
"This platform is a strategic investment that will support our global sourcing strategy," added Berger. "We believe strongly in cloud computing because it gives us superior economics and faster time to value. We also recognize such a platform and industry community would be very difficult and expensive to replicate with traditional software." The entire service is provided over the Web and is fully hosted and managed by GT Nexus. The GT Nexus platform blends business applications with an integrated network of partners and data quality services to give customers visibility and control across companies in their supply chain. Customers can use just the services they need, and have the option to expand as their business needs warrant.
About Restoration Hardware, Inc.
Restoration Hardware (www.restorationhardware.com) is the country's leading premium home lifestyle brand, operating stores and an ecommerce web site in the United States and Canada. The Company also mails the Restoration Hardware Home, Garden, Outdoor, Baby & Child, and Gift catalogs to millions of home centered consumers throughout the year. Additionally, the company markets its brands to the Interior Design Trade, and has a contract division servicing the Hotel and Hospitality industry. The company is currently owned by an investment group led by Catterton Partners and Tower Three Partners.
About GT Nexus
GT Nexus runs the world's only industry-backed, on-demand global trade and logistics control platform. Today, more than 40,000 registered users, from over 15,000 organizations use a range of capabilities on GT Nexus to optimize the global flow of goods and trade information from order point to final payment. Buyers, sellers, banks and logistics providers collaborate and automate hundreds of supply chain processes using GT Nexus as their single, common technology platform, in the cloud. Customers include Nestlé, Xerox, Caterpillar, Procter & Gamble, Weyerhaeuser and The Home Depot. For information, visit www.gtnexus.com.
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