GNX Launches Supplier Sourcing Service

Retail industry specialist offers customers tool for expanding their supply base

Retail industry specialist offers customers tool for expanding their supply base

San Francisco — April 20, 2005 — GlobalNetXchange (GNX), an e-business solution and service provider for the retail industry, has launched a new global sourcing service intended to provide retail industry customers with a time- and cost-effective way to expand their supply base and increase price competitiveness.

The company also announced the appointment of Alexandra Lafaurie as director of services and customer engagement to lead the development of its services activities for the new sourcing service business.

Driven by increasing demand from retailer customers, GNX said it developed a three-tier sourcing offering comprising the following components: supplier search, supplier qualification and customized sourcing consulting service.

Leveraging the GNX Sourcing platform, supplier database and its multilingual customer service team resources, GNX will research and create a database of potential suppliers, then conduct in-depth screenings to qualify this pool of suppliers against the retailer's unique requirements.

To further integrate global sourcing practices into the retailer's business, GNX also offers a consulting service to help customers design sourcing processes that leverage the Internet-enabled sourcing tools within the GNX Sourcing platform to automate and streamline supplier qualification and management activities.

To lead the development of the GNX Sourcing Service business, GNX has hired Alexandra Lafaurie for the newly created role of director of sourcing services and customer engagement. Lafaurie joins GNX from partner company PPR Group, where she successfully created the Western Europe Sourcing Office of Conforama IHTM and held several management positions in international marketing for the Conforama brand.

Lafaurie will be responsible for growing and delivering the GNX Sourcing Service business and will manage customer engagement programs to enable them to take advantage of the combination of the GNX Sourcing platform, services and community.

"Global sourcing is critical for retailers to remain competitive, but the process of buying product from suppliers in multiple geographies, languages and time zones presents incredible logistical challenges and is inefficient," said Joe Laughlin, CEO of GNX.

He continued: "Our customers have been asking for help identifying and qualifying new sources of supply. GNX listened and answered with a cost-effective supplier sourcing service and Internet-enabled technology solution that saves buyers time and eliminates the language and time-difference barriers associated with doing the legwork themselves."

The focus in the retail sector has shifted from managing the movement of goods to managing the information about goods. Read more in "Ramping Up the Retail Supply Chain," in the February/March 2005 issue of Supply & Demand Chain Executive.