Infor Nexus has introduced a new product named Map and Trace to help businesses map multi-tier supply chains and offer proof while conforming to various regulations.
The new solution, developed in partnership with Burton Snowboards, assists firms in establishing links among providers and their suppliers and substantiating the chain of custody via transaction records. Key features include supplier mapping, documentation collection, compliance support regarding various laws, and evidence provision for the chain of custody.
The company asserts that Map and Trace can not only enhance supply chain visibility but also improve agility, resilience, and timely product delivery while reducing costs and freeing up working capital. The company plans to extend its services with the provision of chain-of-custody evidence.
Infor Nexus is a global supply chain management platform that provides real-time visibility and predictive insights across the entire supply chain network. The company offers a comprehensive suite of tools for procurement, transportation management, order management, and financial supply chain management.
Analyst QuickTake: In April 2024, SourceDay and Infor entered a strategic partnership to enhance processes related to purchase order (PO) management. The collaboration aimed to improve efficiencies by addressing the gap between enterprise resource planning systems (ERPs) and supplier networks in managing direct material POs by integrating SourceDay’s platform with Infor’s manufacturing and distribution ERPs.
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