Verizon Business Penetrates into Supply Chain Market

Filed in archive Market Overview on June 7, 2007

Verizon Business is entering into the supply chain management market, the latest expansion of its managed information technology solutions portfolio.

Verizon Business is teaming with GXS Inc. to provide offer Custom Supply Chain Managed Services and Invoice Automation Service. The products will enable companies to increase control over their supply chain networks, streamline inter-business transactions and improve collaboration between trading partners, the company said. Verizon can now offer the ability to outsource e-commerce infrastructure, the company said.

GXS lets Verizon Business support nearly any business-to-business e-commerce standard or protocol, including electronic data interchange (EDI), extensible markup language (XML), AS2 and proprietary formats.

This is not the first partnership the companies have formed.

According to Xchange Magazine, Verizon Business said in May that it is providing networking and professional services to support the GXS Trading Grid, the company's on-demand, global, integration services platform that serves more than 35,000 business customers.