GT Nexus and Open Harbor Team Up to Offer Integrated Logistics Management and Trade Compliance.Business Editors/High-Tech Writers
ALAMEDA Alameda (ăləmē`də, –mā`də), city (1990 pop. 76,459), Alameda co., W central Calif., on an island just off the eastern shore of San Francisco Bay; settled 1850, inc. as a city 1884. & SAN CARLOS San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , Calif.--(BUSINESS WIRE)--Aug. 25, 2003
New collaborative Web technology combines global trade compliance
with supply chain event management processes
GT Nexus GT Nexus runs an on-demand global trade & logistics portal that is used by organizations to manage global logistics and trade processes. Customers include Xerox, American Eagle Outfitters, Procter & Gamble, Del Monte Foods and The Home Depot. , Inc., a provider of global logistics technology, and Open Harbor, Inc., a provider of global trade management solutions, today announced a strategic market initiative that will integrate Open Harbor's content-rich trade security, compliance and documentation services with GT Nexus's logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet , global visibility and event management systems.
The integrated platform, based on a Web-hosted model, will deliver real-time content for trade security, provide end-to-end global trade workflow and logistics execution, add visibility and control into the supply chain process, and enable collaboration between global trading partners.
As part of the integrated platform, Open Harbor will provide the software, infrastructure and real-time trade content to execute global trade management activities, including product classification, product catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. management, restricted party screening, import and export compliance, trade documentation and trade process automation. GT Nexus will provide supply chain logistics functionalities, such as order management, supply chain modeling, event management and analytics, transportation procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , contract management and execution, and global visibility at all transaction levels.
The combination of two critical business systems -- global trade management and logistics execution -- is a powerful way for customers to control and track the flow of goods through the order-to-delivery cycle, and ensures that all crucial trade documentation, customs clearance, regulatory screening and security compliance processes are addressed. Furthermore, it serves as an auditable record of compliance with C-TPAT C-TPAT Customs-Trade Partnership Against Terrorism (US government) , the Container Security Initiative The Container Security Initiative (CSI) was launched in 2002 by the U.S. Bureau of Customs and Border Protection (CBP), an agency of the Department of Homeland Security. Its purpose was to increase security for container cargo shipped to the United States. , 24-Hour Manifest Rule, and other government security programs.
"Regulatory trade processes affect the movement of global goods as dramatically as any logistics event," noted Greg Johnsen, vice president of marketing for GT Nexus. "Embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup.
2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if Open Harbor's real-time trade management intelligence lets us integrate another level of critical supply chain information. Our customers gain the ability to systematically capture not just logistics and transportation events, but also trade compliance and security events. Using our proven methodology of modeling optimal performance against actual supply chain behavior, customers can now manage the gaps."
Johnsen added that the agreement allows GT Nexus to leverage the extensive system of international trade documents already built by Open Harbor, complementing the operational logistics documents, such as bills of lading, that GT Nexus provides today.
"In today's environment, any company that imports or exports goods must be extremely diligent dil·i·gent
Marked by persevering, painstaking effort. See Synonyms at busy.
[Middle English, from Old French, from Latin d about managing trade compliance and security. Executives have to know, more precisely and faster than before, where the products are, who is handling them, how they are documented, and when events occur that put security at risk," said Beth Peterson, vice president of product solutions at Open Harbor. "Combining our real-time content and automated au·to·mate
v. au·to·mat·ed, au·to·mat·ing, au·to·mates
1. To convert to automatic operation: automate a factory.
2. compliance tools with GT Nexus' visibility and event management architecture extends our solution. It supports our goal of giving importers and exporters a comprehensive, single global view that strengthens the security of their supply chain while mitigating risk."
The joint solution will be marketed to customers and prospects of both companies under a referral agreement. It will use Web infrastructure and integration methodologies already deployed successfully by both companies. Application programming interfaces will allow exchange of information and services between the two platforms.
About GT Nexus
GT Nexus is a leading provider of global logistics and supply chain software services. GT Nexus enables enterprises and third party logistics providers to optimize and manage the flow of goods and information through a single platform, from order point to final delivery, anywhere around the globe. The company serves global customers across industries with a comprehensive and integrated offering that spans and links three critical activity areas: multi-modal transportation management, global supply chain visibility, and performance management. GT Nexus technology also powers GTN GTN gestational trophoblastic neoplasia. -- the world's leading portal for the ocean transportation industry. Backed by a consortium of global carriers based in Europe, Asia and the Americas, GTN provides a common transaction platform and seamless access to the global market for containerized con·tain·er·ize
v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es
1. To package (cargo) in large standardized containers for efficient shipping and handling.
2. shipping. For more about GT Nexus, visit us at www.gtnexus.com.
About Open Harbor
Open Harbor's suite of integrated global trade management solutions eliminates redundancies in international trade compliance, sourcing, security and customs brokerage, resulting in optimized performance of your global supply chain. The solution functionality leverages a unique combination of continually updated international trade content and a powerful delivery mechanism. Business units and trading partners across the globe obtain a common view of up-to-the-minute trade and transaction information. The flexible design of the Open Harbor solution adapts to your desired workflow, resulting in fast deployment, maximum supply chain velocity, vigilant trade compliance and a rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . For more information, visit us at www.openharbor.com.
Open Harbor...Global Trade Redefined.