Product Overview of Infor Nexus
Infor Nexus is a cloud-based global supply chain management platform designed to connect businesses with their entire supply chain network, including suppliers, manufacturers, brokers, 3PLs, and financial institutions. Here’s a detailed look at what the product does and its key features.
Core Functionality
Infor Nexus serves as an intelligent collaboration platform that integrates physical and financial supply chains, providing a single source of truth for all supply chain activities. It enables organizations to manage and optimize their supply chain processes, balance supply and demand, and gain real-time insights into goods, information, and capital flow.
Key Features and Applications
Supply Chain Visibility & Control
- Offers real-time visibility across the entire supply chain, allowing users to monitor goods movement, track inventory levels, and respond quickly to disruptions.
- Connects all parties on a single business network with multiple tiers of suppliers.
- Provides predictive insights and prescriptive recommendations to prioritize situations and ensure on-time delivery rates.
- Automated alerts for real or potential disruptions or opportunities.
Procure-to-Pay Automation
- Creates a single source of truth across disparate systems and ERP offerings, improving process efficiency and data quality.
- Integrates chargeback management, global business partner onboarding, and end-to-end automation for payment, invoice approval, and document matching.
- Facilitates collaboration with logistics providers and financial institutions.
Global Freight Management
- Connects critical activities of suppliers and international buyers, improving responsiveness to demand and streamlining supply chains.
- Synchronizes multi-leg, multi-party, and global freight planning and execution.
- Automates freight management activities, leverages multi-modal rating, and centralizes enterprise freight rate governance and carrier contracting.
- Tracks and traces critical line items through 3PLs, carriers, and forwarders.
Supply Chain Finance
- Provides a networked approach to buyer-supplier-finance-provider relationships, enabling innovative financing programs.
- Minimizes the total cost of capital and reduces the cost of goods across the supply chain.
- Ensures accurate electronic records of all supply chain network activity to reduce risk.
- Offers intelligent payment protection tools to protect sellers from buyer payment default.
Control Center
- Acts as an intelligent supply chain tower, offering real-time visualization of all supply chain activities, predictive insights, and collaborative execution tools.
- Enhances supply chain velocity and responsiveness, particularly for companies in the industrial manufacturing industry.
Additional Capabilities
Enhanced Collaboration
- Facilitates collaboration among stakeholders across the supply chain, including suppliers, manufacturers, logistics service providers, and distributors, leading to more efficient and responsive operations.
Optimized Order Management
- Streamlines and optimizes the order-to-cash process, improving order accuracy, faster order fulfillment, and enhancing customer satisfaction.
Global Trade Compliance
- Assists organizations in navigating the complexities of international trade by ensuring compliance with trade regulations and customs requirements, avoiding delays and compliance issues.
Risk Management
- Provides tools to identify and manage risks across the supply chain, including monitoring weather events, geopolitical issues, and other potential disruptions.
Integration and Scalability
Infor Nexus is designed to integrate seamlessly with various systems, including Transport Management Systems (TMS) like Scope, and ERP systems. This integration enables freight forwarders to make their logistics processes more efficient and effective. The platform’s modular architecture allows businesses to adopt specific functionalities and add additional modules as their needs evolve, making it highly scalable.
In summary, Infor Nexus is a comprehensive supply chain management platform that offers end-to-end visibility, enhanced collaboration, streamlined operations, and proactive decision-making capabilities, making it a powerful tool for optimizing and managing complex global supply chains.