New York—Feb. 19, 2014—GT Nexus announced that it was selected by Stella & Dot to serve as the company’s end-to-end global supply chain visibility platform. GT Nexus can help the rapidly expanding jewelry provider sustain its aggressive pace of business growth by standardizing processes and delivering visibility into the status of inventory from the moment goods are ordered through delivery to their global distribution centers.
Stella & Dot, an Inc. 500 Fastest-Growing Company, is a social selling company that offers boutique-style jewelry and accessories. Its collections are sold exclusively through online channels and in-home trunk shows, driven by a global network of independent stylists.
“Maintaining our current pace of growth requires operational excellence in our supply chain to ensure efficiency and meet consumer demand,” said Arun Kumar, vice president of operations at Stella & Dot. “We needed a platform we could grow with. With GT Nexus, we are able to move our supply chain to the cloud and operate as a global network. We now have a highly automated environment where we can track and manage orders and inventory across our global partner network. This is a strategic initiative that will directly impact our ability to serve customers and help expand internationally.”
Stella & Dot is on the cusp of a fast-growing trend. Gartner recently pointed out that end-to-end supply chain visibility (E2ESCV) adoption is growing rapidly because there is an increasing need for network collaboration to reduce risk, while maintaining efficiency and improving performance.
“Based on our research, the top benefits derived from E2ESCV included inventory levels, better on-time performance, reduced variability in lead times and financial benefits, such as freeing up of working capital or optimized freight charges,” said Christian Titze, research director at Gartner Group. “End-to-end supply chain visibility is a key capability for a mature demand-driven value network.”
Customers receive extended visibility into orders to know exactly when their goods arrive. Stella & Dot and its partners can benefit from a collaborative environment that enables everyone in the chain to operate as a single strategic network, opposed to a series of individual parties.
“Stella & Dot is an entrepreneurial success story that is rewriting the retail playbook in the context of triple-digit growth and global expansion,” said Sean Feeney, CEO of GT Nexus. “We are thrilled that fast growing companies like Stella & Dot are increasingly recognizing the power of cloud technology in the supply chain to facilitate business growth and propel operational excellence.”
Stella & Dot plans to deploy cloud solutions for the following capabilities:
- Factory management and work-in-process tracking.
- Purchase order distribution and supplier collaboration.
- Purchase order collaboration .
Gartner Research cited: Why Supply Chain Leaders Should Aim for End-to-End Supply Chain Visibility by 2016, November 1, 2013
