At GXS, we believe that real-time integration between business partners in the healthcare supply chain is a key factor in improving demand forecasting, materials management and product recall processes.
Gaithersburg, MD (PRWEB) December 17, 2012
GXS, a leading provider of B2B integration services, today announced that 17 of Gartner’s 2012 Top Healthcare Supply Chains connect through the company’s cloud-based integration platform. GXS Trading Grid, the world’s largest integration cloud, manages more than 14 billion transactions a year.
GXS Trading Grid offers healthcare companies of all sizes a variety of B2B integration options to connect to their business partners. Trading Grid enables healthcare companies to access a library of pre-built B2B integration services in the cloud, avoiding many of the complications associated with the traditional licensed software model. Moreover, there are no upfront capital expenditures for server hardware, storage devices or software licenses. Companies pay a monthly fee that is closely aligned with their actual usage of the Grid. Through the cloud environment, GXS protects your investment by automatically updating Trading Grid to ensure it is kept current with the latest technologies and standards, eliminating worries of obsolete technology.
“With the issue of healthcare costs continuing to be at the forefront of the US political agenda and product safety concerns continuing to be front page news in the media, the importance of having a best-in-class supply chain cannot be overstated,” said Steve Keifer, vice president of global marketing at GXS. “At GXS, we believe that real-time integration between business partners in the healthcare supply chain is a key factor in improving demand forecasting, materials management and product recall processes. And, we are honored to play a role in the supply chains of so many of the world’s leading healthcare companies.”
GXS Trading Grid enables customers in industries including healthcare, retail, distribution and manufacturing to exchange information electronically with their customers and suppliers in the healthcare value chain. Buyers and sellers of pharmaceuticals, medical devices and medical-surgical supplies can use Trading Grid to share information such as electronic product catalogues, inventory reports, purchase orders, shipment notices, invoices and remittance advices using popular standards such as EDI and XML. By eliminating time-consuming and error-prone communication methods such as e-mails, faxes and phone calls, B2B integration reduces not only the cost of information exchange, but the latency of data flow between business partners.
The Healthcare Supply Chain Top 25 ranking is derived from two main analyses: quantitative measures and opinion. Quantitative measures provide a view into how companies have performed in the past, and establish proxy connections between financial health, performance and supply chain excellence. The opinion component offers an eye to value chain leadership and demonstrated supply chain performance — crucial characteristics of our Top 25 ranking. These two components are combined into a total composite score.
GXS is a leading B2B integration services provider and operates the world’s largest integration cloud, GXS Trading Grid®. Our software and services help more than 550,000 businesses, including 22 of the top 25 supply chains, extend their partner networks, automate receiving processes, manage electronic payments, and improve supply chain visibility. GXS Managed Services, our unique approach to improving B2B integration operations, combines GXS Trading Grid® with our process orchestration services and global team to manage a company’s multi-enterprise processes. Based in Gaithersburg, Maryland, GXS has direct operations in 20 countries, employing more than 2,400 professionals. To learn more, see http://www.gxs.com, read our blog at http://www.gxsblogs.com, follow us on Twitter at http://twitter.com/gxs and join us on LinkedIn at http://www.linkedin.com/company/gxs. You can also access our public filings with the Securities and Exchange Commission at http://www.sec.gov/edgar.shtml.
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