In 2010 Crocs deployed a paperless automated environment to execute processes from purchase order through settlement, such as invoice approvals and payments. Crocs reduced invoice processing times from 26 days to 4 hours, which won over suppliers. More importantly, the efficiency and visibility gains ensured Crocs was well-positioned to leverage automation to support continued growth.
Crocs will display its cloud supply chain strategy for improving supplier collaboration during a live webinar on October 4,2013.
The webinar, moderated by Kevin Burke, President and CEO of the American Apparel & Footwear Association (AAFA), will feature Scott Hadwiger, Director of Supply Chain Finance at Crocs, along with Kurt Cavano, Chief Strategy Officer at GT Nexus.
The online event will examine ways to improve efficiency on the financial side of the supply chain to reduce costs and improve visibility.
“Supply chain efficiency is one way brands and retailers can enhance their performance in a very competitive marketplace,” says Burke. “I am excited to hear from Crocs about their experience in moving to cloud-based business practices. This webinar will offer the industry a valuable perspective on managing complex global supply chains and the essential role reliable partners like GT Nexus can play in driving growth.”
In this educational webinar, a panel of executives from Crocs, the AAFA and GT Nexus will discuss:
- Challenges companies face when collaborating with global suppliers;
- Recent technology innovations;
- How Crocs is successfully transforming its entire source to pay process through an advanced networked cloud solution.
Title: Crocs Supply Chain Success Story: Using Cloud to Automate the Financial Supply Chain
Date: Friday, October 4, 2013
Time: 1:00 PM – 2:00 PM EDT
There is no cost to register.
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., Kohl’s, Nestlé, Pfizer, Renault, 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 visit www.gtnexus.com.