SOURCE: GXS

GXS

October 04, 2011 07:51 ET

HomePlus Selects GXS to Automate Supplier Connections

Korean Supermarket Chain Aims for 20% Cost Savings by Turning to Cloud-Based Platform for B2B Integration

SEOUL, KOREA--(Marketwire - Oct 4, 2011) - GXS today announced that HomePlus, South Korea's second largest retailer, has selected GXS to manage its electronic interactions with more than 2,300 suppliers. Tweet this.

HomePlus selected GXS Managed Services, a comprehensive business-to-business (B2B) outsourcing solution, to provide more responsiveness and visibility into its global procurement model as it continued its rapid growth. As part of the program, HomePlus will transition from using a local EDI service provider on a shared B2B infrastructure with other local retailers to the GXS Trading Grid, a cloud-based B2B integration services platform that manages more than 10 billion transactions a year across 400,000 companies.

"Recently, as part of Korean government's policy, major companies are expected to take a win-win approach with their suppliers. We aim to reduce 20% of the total business-to-business (B2B) integration cost to our suppliers by leveraging GXS Managed Services, which will also provide us with local support in local language in our time zone," said Dong-Jin Kim, Executive Director of IT & Operating Model, HomePlus. "We are very impressed by the GXS team and their global B2B integration experience and capabilities that can address our current challenges. The retail market in Korea is very competitive and improving how we work with trading partners will help us differentiate ourselves from competitors and allow us to stay ahead."

HomePlus is Tesco's largest business outside the UK, with £5 billion in revenue in 2010 ($7.8 billion), 354 stores and 23,000 employees. HomePlus is also South Korea's number one home shopping provider, delivering 1.5 million orders in 2010.

"We are proud that our global B2B experience, local presence and our commitment to delivering results has enabled us to gain the trust of HomePlus," said Lui Sim Hua, Vice President of Asia Pacific, GXS. "It's exciting to see the continued growth in Korean-based companies like HomePlus and we are proud that they have chosen us to support their supplier programs."

About HomePlus
HomePlus, owned by Tesco UK, is the second largest retail chain in South Korea with 354 stores throughout the country and is the leader in the rapidly growing home delivery market. In 2010, HomePlus received South Korea's "Most Admired Company" award in 2010. To learn more, see http://www.homeplus.co.kr.

About GXS
GXS is a leading integration services provider and operates the world's largest integration cloud, GXS Trading Grid®. Our software and services help more than 40,000 companies, including 75 percent of the Fortune 500 and 23 of the top 25 supply chains, extend their partner networks, automate receiving processes, manage electronic payments, and improve supply chain visibility. Based in Gaithersburg, Maryland, GXS has direct operations in 20 countries, employing more than 2,300 professionals. To learn more see http://www.gxs.asia.com and http://www.gxschina.com.cn.

All products and services mentioned are trademarks of their respective companies.

Contact Information

  • Media Relations:
    Jane Cheng
    Marketing Director of Asia Pacific & Japan, GXS
    852-2884-6029
    jane.cheng@gxs.com