INDIANAPOLIS--(BUSINESS WIRE)--enVista, a leading enterprise, transportation and supply chain consulting services firm recently helped a leading private equity firm with over $9 billion in invested capital and its portfolio companies strategically source ocean container contracts to reduce annual ocean carrier costs by twice the industry average and significantly improve carrier service.
The project made extensive use of GT Nexus’s Procurement and Optimization modules and Bid Analysis reporting to consolidate sourcing. The project also included the development of a single ocean contract identifying the equity firm’s portfolio companies as affiliates, as well as the appropriate governance model structure to manage contract amendments, minimum quantity commitments (MQCs), and weekly capacity allocations in the context of consolidated sourcing.
The sourcing process included three rounds of bidding, one round of face-to-face meetings and one-on-one final negotiation of terms and completion of contracts. As a result, the project reduced the private equity firm’s carrier base by 20 percent and improved the quality of carriers based on factors, including: sailing frequency, transit time, capacity, and invoice data quality.
For more information about ocean container contract sourcing or the broader GT Nexus platform value proposition, please contact enVista. inforequest@envistacorp.com.
About GT Nexus
GT Nexus provides the cloud-based collaboration platform that the world's largest companies rely on to drive efficiency and agility across the global supply chain. More than 15,000 organizations from all industry sectors are on GT Nexus today. Retailers, manufacturers, logistics providers and banks all operate against a core information base across multiple trade and logistics functions to optimize the flow of goods and trade information, from order point to final payment. Customers include Xerox, Liz Claiborne, Nestlé, DHL, Sears, Caterpillar, Kraft Foods and The Home Depot. For information, visit www.gtnexus.com.
About enVista
enVista is a leading ERP and supply chain consulting services provider, delivering innovative solutions that improve profitability, enhance customer service and reduce waste from source to consumption. enVista provides exceptional value in its unique ability to consult, implement and operate. These capabilities, in combination with enVista’s deep domain expertise, enable world-leading manufacturers, distributors and retailers to leverage one experienced partner for all matters related to supply chain, transportation and ERP. www.envistacorp.com
For more information about enVista, please call 877-684-7700 or contact inforequest@envistacorp.com.
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