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Liz Claiborne Inc. Renews Contract With GT Nexus for Cloud Supply Chain Control PlatformInventory Visibility Drives Global Supply Chain Agility Across Supplier and Logistics Partner Network (August 16, 2011)
OAKLAND, CA -- (Marketwire) -- 08/16/11 -- GT Nexus today announced that fashion apparel and accessories company Liz Claiborne Inc. (NYSE: LIZ) extended its contract for a supply chain visibility and control platform. Delivered as a cloud service, the platform gives Liz Claiborne the capability to tightly monitor and control inventory flows between suppliers, logistics providers, distribution centers and customers.
"GT Nexus has been a key part of our global supply chain management strategy for years," said Bob Keller, Vice President Supply Chain, Logistics & Administration at Liz Claiborne Inc. "We have automated the highly complex coordination of inventory movement in the cloud where our entire network of supply chain partners all work against a single information set. That is the only way you can run an agile supply chain."
GT Nexus connects Liz Claiborne to its global partner network and provides visibility across the supply chain, from a broad shipment level view down to specific style and color level detail.
The platform is provided to Liz Claiborne Inc. as a cloud service shared by thousands of other GT Nexus customers and their supply chain partners. By amortizing data management across a vast community of companies, individual participating companies can achieve a level of visibility and information quality that traditional software and value added network (VAN) models have not been able to produce.
"Several years ago, the team at Liz Claiborne had the vision to embrace the cloud technology model for supply chain visibility," said Greg Johnsen, EVP and co-founder of GT Nexus. "With cloud and visibility now positioned high on every CEO's priority list, it is safe to say Liz Claiborne's vision truly paid off. Today, they have a global supply chain visibility control system that most companies dream about."
Visibility at Liz Claiborne begins when orders are placed with suppliers. From there, the platform tracks inventory flows from booking at origin, international transport, through delivery to the distribution centers. All inventory and supply chain information is linked and stored centrally in the cloud. Partners, internal stakeholders and the Liz Claiborne supply chain team operate off a core set of information.
A "single version of supply chain truth" drives significant process control for the entire Liz Claiborne organization.
"Sometimes we face a situation where we need to orchestrate complex direct-to-store shipments for our key customers," noted Keller. "To be successful, we need to ensure that 15 different styles of inventory from suppliers in six different countries must hit a four-day ship window at the US port location. It is important to have accurate and timely information about very specific inventory at your fingertips, available in seconds. GT Nexus is the enabler for us."
The other cornerstone of the platform is performance analytics. The GT Nexus Supply Chain Intelligence engine sits on top of the visibility data repository and gives the Liz Claiborne team the ability to measure and analyze performance, based on what actually happened. Partner performance, supply chain velocity, data quality and sourcing trends can all be analyzed, across the different Liz Claiborne Inc. brands.
"Access to this information is critical," said Keller. "When we work with our internal brand groups, it is extremely powerful to have snapshots and analysis of what really happened. GT Nexus has helped us become more proactive with internal performance reporting."
The supply chain visibility and intelligence platform has been in place at Liz Claiborne Inc. since 2008.
About GT Nexus
GT Nexus offers a cloud-based platform that the world's biggest companies use to drive efficiency and agility across the global supply chain. More than 15,000 organizations from all areas of the value chain are on GT Nexus today. Retailers, manufacturers, logistics providers and banks all operate against a core set of information across multiple trade and logistics functions to optimize the flow of goods and trade information, from order point to final payment. Customers include Xerox, Williams-Sonoma, Nestlé, DHL, Sears, Caterpillar, Kraft Foods and The Home Depot. For information, visit www.gtnexus.com.
About Liz Claiborne Inc.
Liz Claiborne, Inc. designs and markets a global portfolio of retail-based premium brands including Juicy Couture, kate spade, Lucky Brand and Mexx. The Company also has a refined group of department store-based brands with strong consumer franchises including the Monet family of brands, Kensie, Kensiegirl, Mac & Jac, and the licensed DKNY®Jeans and DKNY®Active brands. The Liz Claiborne and Claiborne brands are available at JCPenney, the Liz Claiborne New York brand designed by Isaac Mizrahi is available at QVC, and the Dana Buchman brand is sold at Kohl's. Visit www.lizclaiborneinc.com for more information.
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