Australia’s leading retailer invests in Infor Nexus to streamline imports and reduce costs
SYDNEY, AUSTRALIA - Media OutReach - 19 December 2019 - Infor, a global leader in business cloud software specialised
by industry, announced that leading Australian retailer Coles has chosen Infor Nexus for its global trade platform to
create enhanced international supply chain visibility for the organization.
The deployment of the global
trade platform will streamline imports, reduce costs and modernise Coles'
international supply chain. The retailer will roll out the world-class solution in 2020, the first
organisation in Australia to directly do so.
Nexus, a Leader in Gartner's Magic Quadrant for Multienterprise Supply Chain
Business Networks, is a scalable platform that will enable Coles to:
- Reduce working capital through lower stock in transit and distribution
centre stock holdings;
- Reduce transport costs, including freight, demurrage and customs clearance;
- Simplify transactions with freight service providers.
Coles Executive General Manager
Operations and Transformation Kevin Gunn said the Infor Nexus platform would
enable real-time visibility of international stock. "Availability is a key
issue for customers, and some popular items -- such as light globes, herbs and
spices, and kitchen essentials like foil and garbage bags -- cannot be sourced
domestically so we need to look to international suppliers," he said.
"By understanding where our stock
is in transit, we can better plan our stock movements to enhance availability
for customers and reduce the time taken to move products into our stores,
improving our use of working capital by reducing the time inventory spends in
our supply chain.
"It will also support improved
efficiencies through the supply chain by minimising the need to move stock between
states, resulting in fewer truck movements which will also improve road safety
and reduce carbon emissions."
Coles will run all international transactions
through the Infor Nexus B2B information exchange.
"Ultimately, Infor Nexus will lead to better
product availability on-the-shelf for customers," Coles
Chief Information and Digital Officer Roger Sniezek said. "We have committed to
being technology-led in our stores and throughout our supply chain to reduce costs while delivering an
even better shopping experience for customers, and making life easier for our
team members. Infor Nexus is another investment in this."
Vice President of Commercial and Retail Brett Egglestone said the speed of
business today demands a supply chain capable of controlling the end-to-end
flow of documents, data and inventory.
Infor Nexus platform will provide multi-enterprise connectivity to help Coles
digitise the flow of information between its trading partners and provide a
single system of record to orchestrate the physical and financial supply
chain," he said. "We are
very excited to partner with Coles and be part of its intelligence-driven
supply chain strategy."
Coles is a leading
Australian retailer, with more than 2,400 retail outlets nationally.
With more than 113,000 team
members across Coles Supermarkets, Coles Express and Coles Liquor outlets, Coles
processes more than 20 million customer transactions each week.
Coles makes life easier for
Australians by delivering quality, value and service. To learn more, please
Infor is a global leader in
business cloud software specialised by industry. With 17,300 employees and over
68,000 customers in more than 170 countries, Infor software is designed for
progress. To learn more, please visit www.infor.com.
Infor customers include:
- The top 20 aerospace companies
- 9 of the top 10 high tech companies
- 14 of the 25 largest U.S. healthcare
- 19 of the 20 largest U.S. cities
- 18 of the top 20 automotive suppliers
- 14 of the top 20 industrial
- 13 of the top 20 global retailers
- 4 of the top 5 brewers
- 17 of the top 20 global banks
- 9 of the 10 largest global hotel
- 7 of the top 10 global luxury brands