SOURCE: GT Nexus

GT Nexus

December 02, 2014 08:01 ET

Cost Plus World Market® Renews Contract, Extends Cloud Technology Engagement on GT Nexus

Supply Chain Execution Platform Helps Retailer Orchestrate Shipments and Inventory Flows Across Internal Departments and External Partners

OAKLAND, CA--(Marketwired - Dec 2, 2014) - GT Nexus announced today that retailer Cost Plus World Market® (www.worldmarket.com) has renewed its use of the GT Nexus platform, providing real time visibility into global inventory movement and performance information. Finance, sourcing and logistics departments are networked over a single cloud platform, connecting more than 1,000 suppliers and logistics providers to collaborate on production and delivery of goods.

"Cost Plus World Market was one of the first companies to recognize the value of network based cloud technology as a way to connect global supply chains and improve collaboration back in 2006 when they first selected GT Nexus," said Sean Feeney, CEO of GT Nexus. "We're thrilled to see this leading retailer extend its commitment to the cloud." 

Visibility and control across the Cost Plus World Market supply network enable process capabilities in transportation and supply chain intelligence. GT Nexus provides end-to-end connectivity on a centralized cloud platform delivering visibility, analytics and process control across global suppliers, inventory, and transportation carriers. Global transportation spend, including procurement, allocation and rate management, are centrally managed to drive compliance and optimization.

About Cost Plus World Market:
Cost Plus World Market (www.worldmarket.com) operates 270 stores in 32 states under the World Market® and Cost Plus World Market® trademarks. The stores feature an ever-changing selection of casual home décor and furnishings, housewares, gifts, jewelry, decorative accessories, over 500 international wines, gourmet foods and beverages offered at affordable prices and imported from more than 50 countries. Many items are unique and exclusive to World Market and are regularly supplied by an international network of individual and regional artisans developed over the Company's more than 50 years in the import business.

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, 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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