|By Business Wire||
|February 5, 2013 08:00 AM EST||
Business-to-business office solutions provider Grand & Toy has joined the GHX electronic trading exchange to meet the needs of its healthcare customers for more efficient and sustainable supply chain processes. Healthcare providers connected to GHX can now transact business with Grand & Toy electronically, reducing manual labor and driving down costs through collaborative data sharing and automation.
Grand & Toy is offering its Canadian healthcare customers the ability to process a complete set of electronic data interchange (EDI) transactions through the GHX Exchange, which includes purchase orders, purchase order acknowledgements, advanced shipment notifications and invoices. By automating previously manual processes, both Grand & Toy and its customers can improve accuracy, boost productivity and minimize manual rework to enhance operational performance and reduce waste.
“GHX was a natural fit for us because so many of our customers already transact business with other suppliers through the GHX Exchange,” said Maria Borges, vice president of Business Development, Grand & Toy. “We anticipate that both our organization and our customers will derive mutual benefit from supply chain process automation. Furthermore, our GHX membership reinforces Grand & Toy’s corporate sustainability efforts to minimize our supply chain carbon footprint and aid customers in their progress toward a sustainable office model.”
“Grand & Toy’s participation in the GHX Exchange is a major step forward in our efforts to broaden the GHX community beyond medical-surgical supplies and into other strategic spend areas in healthcare,” said Nils Clausen, general manager, GHX Canada. “Also of significance is Grand & Toy’s decision to offer its customers a complete transaction set, from purchase order to invoice. While historically healthcare trading partners would initiate EDI through purchase orders and PO acknowledgements, more and more are now launching right into advanced transaction sets so that they can derive the greatest value from EDI from the onset of their electronic business relationships.”
Global Healthcare Exchange, LLC (GHX), a healthcare technology and services company, helps reduce the cost of doing business in healthcare by enabling better supply chain management. GHX makes it easier for hospitals, other healthcare providers and the suppliers that do business with them to drive cost and inefficiency out of their processes. Working with GHX, the healthcare organizations that make up the GHX Global Network are on track to save $5 billion by 2014—savings that can be invested in such things as hiring more nurses, providing care to uninsured children or developing new medical products. GHX is owned by organizations on both the buy and sell side of the healthcare supply chain, including some of the largest companies in the world. Find GHX on the Web, on Twitter @GHX_LLC and on Facebook @GHX.
About Grand & Toy
About Grand & Toy – With a heritage that dates back to 1882, today’s Grand & Toy is committed to offering sustainable solutions to Canadian business in the areas of interiors, technology, and imaging and professional services, in addition to office and facility supplies. We operate one of the country’s largest distribution networks serving clients coast-to-coast. Grand & Toy also demonstrates a firm commitment to corporate social responsibility through a comprehensive sustainability strategy that is manifested through numerous internal and external environmental and social outreach programs. For more information, visit grandandtoy.com.
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