GT Nexus announced that it was selected by Weyerhaeuser Company to provide the global logistics data hub, integration technology and business process software to centrally manage and control worldwide ocean freight services.
An industry leading $23 billion forest products company, Weyerhaeuser is one of North America's top exporters. Its operations incorporate 11 business units and a network of 43 ocean carriers as well as a company-owned shipping line.
The GT Nexus platform provides a single, collaborative Web-based system within which Weyerhaeuser will conduct procurement of global ocean transportation services, manage freight rates, optimize contracts and transportation plans, execute shipments with shipping lines and measure performance.
By deploying a 'control center' for global ocean freight, Weyerhaeuser is instituting an integrated management process incorporating several business-critical transportation functions. These include:
- Standardized, online procurement and negotiation of ocean freight proposals
- Analysis and optimization of global transportation service contracts to meet cost, service, capacity and business risk requirements
- Strategic allocation of global freight volumes across its ocean carrier network
- Provisioning of transportation agreements as structured, digitized contracts in a central data store with secure access and real-time updating
- Centralized, online management of rate requests, contract amendments and compliance with capacity commitments
- Integrated, online shipment execution and document management (submitting bookings and shipping instructions electronically) with ocean carrier partners
- A central repository for shipment data and reporting tools for trend and freight spend analytics, performance monitoring and management.
As a hosted software service, Weyerhaeuser, its business units and partners will use the system via a common Web browser, with the service provisioned directly over the Internet, requiring no installation of hardware or software on premise at the customer.
