GXS Trading Grid and Verizon Business are jointly offering automated supply chain management solutions to help companies shift from manual paper-based processes to automated electronic transactions among vendors, partners and customers.
The companies say automating annual business-to-business transactions worldwide, estimated at about 40 billion transactions, would cut 2.3 billion pounds of CO2, or the equivalent of removing about 200,000 cars of the road for a year.
Companies currently using GXS’ services could see potential paper savings equal to cutting water usage by 745 million gallons, or reducing energy consumptions by 1.5 trillion BTUs per year.
According to Aberdeen Group, a company that processes 500,000 invoices per year, can cut manual process costs by 60 percent or more if automation is implemented.
Andrew Kinder, director of products marketing for Supply Chain Management, says U.S. manufacturers are positioned to green their supply chain.