SOURCE: GT Nexus

GT Nexus

March 31, 2015 07:00 ET

British American Tobacco Renews Contract With GT Nexus

Cloud Platform Supports and Optimizes Strategic Procurement and Spend for International Transportation at Global Tobacco Leader

OAKLAND, CA--(Marketwired - March 31, 2015) - GT Nexus announced today that British American Tobacco (BATS: London) has extended its commitment to the GT Nexus cloud supply chain platform. The technology platform automates and standardizes commercial engagements between British American Tobacco and its network of global ocean carriers. 

British American Tobacco (BAT) is a £15.2B global tobacco group founded in 1902, with brands sold in more than 200 markets. The company employs 57,000 people in more than 200 markets worldwide, and operates a supply chain that includes 46 factories in 41 countries.

"GT Nexus provides us with a greater handle on our global transportation spend and sourcing strategy," said Alan Richards, Global Procurement, Category Manager Logistics at British American Tobacco. "Technology-enabled excellence in the way we run our annual ocean freight tender is critical because it encompasses a sizeable annual investment for BAT. We see GT Nexus as an outstanding partner in this area not only from a technology perspective, but also with regards to strong professional services and consultative insights. Being able to simulate spend scenarios as part of the carrier bid analysis is of great value for an optimized freight allocation to ocean carriers."

"BAT understands the value of strategic spend management towards services that are core drivers in the performance of their global supply chain," said Sean Feeney, CEO of GT Nexus. "Logistics spend, managed strategically, improves the bottom line but it also directly impacts revenue performance and the customer experience overall. BAT's ability to manage freight spend by connecting key parties in a cloud network enhances their ability to make better decisions and execute to meet demand."

BAT has operated on the GT Nexus platform since 2009.

About GT Nexus
GT Nexus operates the world's largest cloud-based business network and execution platform for global trade and supply chain management. Over 25,000 businesses across industry verticals, including adidas Group, Caterpillar, Citi, Columbia Sportswear, DHL, Electrolux, Levi Strauss & Co., Nestlé, Pfizer, and Sears share GT Nexus as their standard, multi-enterprise collaboration platform. This enables all network participants to operate against a core, real-time and always on set of information across multiple supply chain functions, allowing them to optimize the flow of goods, funds and trade information, from the point of order through final payment. For more information please visit us at www.gtnexus.com.

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