Product Overview: Infor Nexus
Infor Nexus is a cloud-based global supply chain management platform designed to connect businesses with their entire supply chain network, providing end-to-end visibility, collaboration, and optimization.
Key Objectives
Infor Nexus aims to bridge the gap between physical and financial supply chains by integrating critical suppliers, partners, and stakeholders into a single, cohesive platform. This integration enables organizations to manage and optimize their supply chain processes more effectively.
Core Features and Functionality
Supply Chain Visibility & Control
- Infor Nexus offers real-time visibility across the entire supply chain, allowing users to monitor goods movement, track inventory levels, and gain insights into supply and demand signals. This feature includes predictive insights and prescriptive recommendations to prioritize situations and manage potential disruptions or opportunities.
Procure-to-Pay Automation
- This application streamlines the procure-to-pay process by creating a single source of truth across disparate systems and ERP offerings. It includes advanced planning and finance capabilities, chargeback management, global business partner onboarding, and end-to-end automation of payment, invoice approval, and document matching.
Global Freight Management
- The Global Freight Management Software (FMS) connects suppliers and international buyers, improving responsiveness to demand and streamlining supply chains. It synchronizes multi-leg, multi-party, and global freight planning and execution, automates critical freight management activities, and leverages multi-modal rating for centralized freight rate governance and carrier contracting.
Supply Chain Finance
- This solution provides a networked approach to buyer-supplier-finance-provider relationships, enabling innovative financing programs that free up working capital. It includes predictive intelligence tools to improve decision-making, minimize total cost of capital, ensure accurate electronic records, and offer intelligent payment protection tools.
Control Center
- The Infor Nexus Control Center acts as an intelligent supply chain tower, offering real-time visualization of all supply chain activities, predictive insights, and collaborative execution tools. This enhances supply chain velocity and responsiveness, particularly for companies in the industrial manufacturing industry.
Additional Benefits
End-to-End Visibility
- Infor Nexus provides comprehensive visibility across the entire supply chain, enabling organizations to track orders, shipments, and inventory levels in real-time. This visibility helps in making informed decisions and responding quickly to changes or disruptions.
Risk Management
- The platform includes tools to identify and manage risks such as weather events, geopolitical issues, and other potential disruptions. This proactive risk management helps organizations prepare for and mitigate the impact of unexpected challenges.
Global Trade Compliance
- Infor Nexus assists organizations in navigating the complexities of international trade by ensuring compliance with trade regulations and customs requirements. This is particularly beneficial for companies involved in cross-border transactions, helping them avoid delays and compliance issues.
Improved Collaboration
- The platform facilitates collaboration among stakeholders across the supply chain, including suppliers, manufacturers, logistics service providers, and distributors. This leads to more efficient and responsive supply chain operations.
Optimized Order Management
- Infor Nexus streamlines and optimizes the order-to-cash process, resulting in improved order accuracy, faster order fulfillment, and enhanced customer satisfaction.
Integration and User Experience
- Infor Nexus can be integrated with various systems, including ERP offerings and Transport Management Systems (TMS) like Scope, to enhance logistics processes, reduce manual tasks, and improve data accuracy. This integration enables freight forwarders to access Infor Nexus features seamlessly within their existing systems.
- While the platform is comprehensive and feature-rich, some users have noted that the user interface can be difficult to navigate, and individual reporting can be cumbersome to set up.
In summary, Infor Nexus is a powerful tool for organizations seeking to enhance their supply chain operations through real-time visibility, advanced collaboration, and optimized management of supply chain processes. Its robust features and integrative capabilities make it a leading solution in the field of supply chain management.