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GXS: LG Electronics Selects GXS to Support Global ERP and B2B
Consolidation
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:16072008
Multi-National Korean Electronics Manufacturer Leverages GXS Trading
Grid for EDI and XML-Based Integration with Customers and Suppliers
GXS, a leading provider of business-to-business (B2B) e-commerce
solutions, today announced that LG Electronics, a global leader and
technology innovator in consumer electronics, home appliances and
mobile communications, has chosen GXS Trading Grid to consolidate and
centralise its interactions with more than 200 global trading partners.
The move is part of a broader LG strategy to reduce complexity in its
supply chain operations by centralising its geographically-dispersed
enterprise resource planning (ERP) systems in Europe, the United
States, South America and Asia-Pacific at its headquarters in Seoul,
South Korea and to centralise its B2B e-commerce functions onto a
unified global platform.
LG reported revenues of $44B in 2007 from four business units - Mobile
Communications, Digital Appliances, Digital Display and Digital Media.
As a leader in the highly competitive consumer electronics sector, LG's
success depends upon its ability to coordinate supply chain activities
and share real-time information with a network of contract
manufacturers, third party logistics providers and consumer electronics
retailers around the world. GXS Trading Grid supports a broad range of
e-commerce standards (e.g., EDI, XML, KEDIFACT, RosettaNet and AS2) and
extensive global reach throughout Asia, Europe and the Americas.
Consolidation of B2B transactions onto a single vendor, GXS, provides
LG's IT organisation with centralised operations in Korea to support
its trading partners based in more than 70 countries.
"Since 2001 GXS has consistently provided LG Electronics with reliable
and effective B2B integration services," said SunYoung (Sarah) Oh,
assistant manager, Information Strategy Team of LG Electronics. "As
we've grown as a company in the last 50 years, so has the complexity of
our supply chain. Reducing that complexity was as important to our
company as ensuring global integration capabilities and increasing
real-time visibility into our trading partner network. GXS is the only
B2B integration vendor we have found that can easily support all three
of these initiatives."
Prior to consolidating with GXS, LG Electronics used multiple B2B
e-commerce providers that were managed independently by local B2B
centers distributed around the world. The use of multiple vendors led
to duplicate processes and inconsistent capabilities, complicating LG's
efforts to manage its trading partner network. Furthermore, the company
was slow to respond to trading partner needs and incurred higher costs
because of duplicate traffic and an inability to leverage its total
transaction volume to reduce its overall B2B e-commerce costs.
"Through its move to consolidate its ERP systems and B2B networks, LG
is standing as an example of how a truly global company can operate
efficiently and effectively," said Raymond Teh, vice president of Asia
Pacific for GXS, "Many companies operate in geographic silos when it
comes to their trading partner networks and as a result, they have no
idea of the scope of their networks and cannot gain real-time
visibility into activities. The consolidation of LG's ERP systems will
give the company a competitive advantage in the marketplace. As a
global B2B provider with a local presence in Korea and throughout Asia
Pacific, GXS is well positioned to help other multi-national
corporations based in Asia, and anywhere in the world, consolidate
their B2B e-commerce networks."
GXS Trading Grid is a global B2B e-commerce and integration platform
that supports the creation and adoption of on-demand supply chain
management solutions for companies of any size. As the world's largest
electronic business community, GXS Trading Grid is used by more than
30,000 customers to exchange goods and services, gain visibility into
global logistics operations and to synchronise product data. Trading
Grid helps customers automate global trading communities by shielding
complexity from rapidly changing standards, eliminating manual and
duplicative processes and enabling the highest levels of B2B
integration and collaboration.
About LG Electronics
Established in 1958, LG Electronics, Inc. (LG) is a global leader and
technology innovator in consumer electronics, home appliances and
mobile communications, employing more than 82,000 people working in
over 114 operations including 82 subsidiaries around the world. With
2007 global sales of USD 44 billion, LG is comprised of four business
units - Mobile Communications, Digital Appliance, Digital Display and
Digital Media. LG is the world's leading producer of Mobile handsets,
air conditioners, front-loading washing machines, optical storage
products, DVD players, flat panel TVs and home theater systems.
About GXS
GXS is a leading global provider of B2B e-commerce solutions that
simplify and enhance business process integration and collaboration
among trading partners. Organisations worldwide, including more than 70
percent of the Fortune 500, leverage the on-demand services on GXS
Trading Grid to extend supply chain networks, optimise product
launches, automate warehouse receiving, manage electronic payments and
gain supply chain visibility. GXS Managed Services, GXS' B2B
outsourcing solution, empowers customers with the expertise, technical
infrastructure and program support to conduct B2B e-commerce with
trading partners globally.
Based in Gaithersburg, Md., GXS has an extensive global network and has
local offices in the Americas, Europe and Asia-Pacific regions. GXS can
be found on the Web at www.gxs.co.uk.
CONTACT: Denise Oakley, Director, Marketing Programmes International,
GXS
Tel: +44 (0)1932 776 408
Tel: +44 (0)7768 537 481
e-mail: denise.oakley@gxs.com
WWW:http;//www.gxs.co.uk
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