GT Nexus expands contract with LyondellBasell

   Trade and supply chain software developer GT Nexus said last week it has signed a contract with LyondellBasell, one of the world’s largest plastics, chemical and refining companies, to extend the capabilities of its existing cloud-based logistics visibility platform.
   “The new services will automate the closed loop process for tendering and rate management across the company’s network of logistics providers,” GT Nexus said in a statement.
   LyondellBasell, which has used the GT Nexus Cloud Supply Chain Platform for logistics visibility since 2009, manufactures products at 58 sites in 18 countries and sells products to customers in more than 100 countries.
    “Like many companies with complex global supply chains, we saw an opportunity to automate the way we buy and manage logistics services with our providers,” said Theo Zwygers, director supply chain EAI at LyondellBasell. “With the addition of the new sourcing capabilities to our existing visibility platform, we are enhancing a key operating platform for our supply chain. We want our procurement team to focus on making smart decisions rather than spending their time manipulating thousands of rows of data in large spreadsheets.”
   The technology expansion supports LyondellBasell’s initiative to take deeper control of international logistics operations, the Oakland-based developer said.
“LyondellBasell was tracking their inventory flows on GT Nexus; now they will add their rates to the mix,” said Andy Stinnes, executive vice president and managing director for GT Nexus Europe, GmbH.
   GT Nexus said its cloud-based supply chain platform allows LyondellBasell to work across multiple logistics partners on a single network, while simultaneously keeping important rate and contract information segmented and visible as it relates to specific providers.