Company type | Private |
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Industry | Supply-chain management Global trade automation Enterprise software |
Founded | 1998 |
Founder |
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Headquarters | Oakland, California, United States |
Area served | America Europe Asia |
Products |
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Owner | Infor |
Website | www.infor.com |
Infor Nexus (formerly known as GT Nexus) is an independent business unit of Infor LLC offering a multienterprise supply chain network. The on-demand global supply chain management platform and integrated applications are used worldwide by businesses to manage global direct procurement, supplier networks, global logistics and global trade processes. [1] Founded in 1998, in Oakland, California, it merged with TradeCard in 2013, and in September 2015, GT Nexus was acquired by Infor. Today, Infor Nexus is a business unit of Infor. [2]
Infor Nexus operates in the Americas, Europe, and Asia with a focus on retail/apparel and industrial manufacturing. Customers include companies in pharmaceuticals, high-tech, automotive, CPG, apparel and footwear. Logistics service providers, financial service providers, and suppliers are also part of the Infor Nexus network. Its customers include Brooks Brothers, [3] Sears, [4] Adidas, Procter & Gamble, [5] Del Monte Foods, [6] [7] Caterpillar Inc., [8] Koch Industries, [9] Abercrombie & Fitch, [10] and Home Depot. [11]
Infor Nexus products are used by importers, exporters, logistics providers, and financial institutions to manage the flow of inventory, transactions, and information related to global trade. All capabilities are delivered in the cloud with a subscription pricing model. [23] [24]
The platform includes:
Competitors include SAP, Descartes, Oracle, [37] and IBM. [38]
In commerce, supply chain management (SCM) deals with a system of procurement, operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain.
Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers. Logistics management is a component that holds the supply chain together. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items.
A supply chain, sometimes expressed as a "supply-chain", is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers. Meanwhile, supply chain management deals with the flow of goods within the supply chain in the most efficient manner.
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Supply chain financing is a form of financial transaction wherein a third party facilitates an exchange by financing the supplier on the customer's behalf. The term also refers to practices used by banks and other financial institutions to manage capital invested into the supply chain and reduce risk for the parties involved.
TradeCard, Inc. was an American software company. Its main product, also called TradeCard, was a SaaS collaboration product that was designed to allow companies to manage their extended supply chains including tracking movement of goods and payments. TradeCard software helped to improve visibility, cash flow and margins for over 10,000 retailers and brands, factories and suppliers, and service providers operating in 78 countries.
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