SOURCE: GT Nexus

GT Nexus

July 30, 2015 08:00 ET

Koch Industries Deploys Supply Chain Services From GT Nexus

OAKLAND, CA--(Marketwired - July 30, 2015) - GT Nexus announced today that Koch Industries, Inc. has adopted its GT Nexus platform to enable end-to-end visibility of Koch's transportation portfolio and centralize global transportation management of oceanic freight.

"For the first time, we will be able to view our entire ocean global supply chain and run programs to optimize our global footprint," said Tom Butz, president of Koch Logistics. "GT Nexus enables us to run bids across all Koch companies and leverage combined volume. Visibility and integration through the platform allow us to compare contract transit times to actual transit times, measure allocated spend to actual spend, and look up and issue bookings in real time."

Since 2008, various Koch companies have used GT Nexus to manage and execute global ocean transportation. The adoption of GT Nexus as Koch's corporate ocean carrier management system will support the company's plans for capturing growth opportunities while mitigating risks and reducing supply chain costs.

"Connecting all trading partners on a single network provides essential visibility into goods and documentation across multiple parties, modes, time zones and geographies to help Koch better serve customers," said Sean Feeney, CEO of GT Nexus. "Investing in a global supply chain control tower initiative helps Koch ensure quality, efficiency and on-time delivery of goods while removing costs and risk from the process."

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.

About Koch Industries, Inc.
Based in Wichita, Kan., Koch Industries, Inc. is one of the largest private companies in America with estimated annual revenues as high as $115 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, biofuels and ingredients; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment and technologies; electronic components; commodity trading; minerals; energy; ranching; glass; and investments. Since 2003, Koch companies have invested more than $70 billion in acquisitions and other capital expenditures. With a presence in more than 60 countries, Koch companies employ more than 100,000 people worldwide, with about 60,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,000 awards for safety, environmental excellence, community stewardship, innovation, and customer service. For more news and stories, visit www.kochnews.com.

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