New York – Abercrombie & Fitch has extended its contract with GT Nexus to expand its cloud supply chain strategy and improve visibility into the movement of orders, payments and goods. The retailer has automated its procure-to-pay process in the cloud using GT Nexus to create a transparent workflow environment for purchase orders, invoices, amendments and settlements.
Since 2010, Abercrombie & Fitch has used the GT Nexus platform to support international sourcing and supplier collaboration.
“GT Nexus simplifies the way we manage global commerce and allows us to work in a transparent, efficient environment,” said Larry Grischow, group VP supply chain for Abercrombie & Fitch. “We are able to transact more efficiently with suppliers around the world in ways that simply weren’t possible previously. We have fewer people answering calls from factories and handling paper invoices, and more staff focused on strategic initiatives to support our growth.”
In addition, during fiscal 2013 Abercrombie & Fitch expects to open a flagship retail location in Seoul, as well as approximately 20 international Hollister stores.
Video: Jennifer McFarland, senior accounting manager, supply chain, Abercrombie & Fitch: