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.
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