GNX Launches New Sourcing Solution

With new platform, powered by Emptoris, GNX supports entire range of retail sourcing

With new platform, powered by Emptoris, GNX supports entire range of retail sourcing

San Francisco, CA — May 11, 2004 — GlobalNetXchange (GNX), an e-business solution and service provider for the global retail industry, today announced the launch of an expanded sourcing offering that it said would provide retail industry customers with a retail-focused online toolkit to manage the end-to-end strategic sourcing process.

After evaluating numerous sourcing software vendors, GNX said it selected Boston-based Emptoris to power the new GNX Sourcing solution. GNX will supplement the standard Emptoris software with additional functionality and services designed specifically for retail, and the solution will be offered exclusively for GNX customers. With the new sourcing platform and expanded professional and customer support services, GNX said it now addresses the full range of sourcing needs for the retail industry.

Bruce Johnson, senior vice president, Supply Chain and Operations, Kmart Management Corp., said that after having achieved positive results with its e-sourcing program to date, the retailer's 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."

GNX said it is already running the Emptoris solution on a secure, hosted platform. The provider said the new solution provides the functionality needed to manage all buyer and supplier interaction, from initial supplier qualification to complex request for quotes (RFQs) and competitive bidding.

"We are very excited to launch the new and expanded GNX Sourcing solution, which we believe will 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 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 implement and scale online sourcing programs."