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Strategic Sourcing & Optimisation


Over $1 billion of spend is allocated through our platform every week.

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Strategic Sourcing & Optimisation


Over $1 billion of spend is allocated through our platform every week.

Trade Extensions has the technology and expertise to enable businesses and sourcing professionals to make better sourcing decisions – decisions that are strategically-aligned and optimised against operational constraints.

  • Leading software platform for advanced strategic sourcing problems

  • Limitless flexibility – source across all sectors

  • Optimised scenario analysis – evidence based decision making

  • Efficient and automated workflow management

  • Reduce costs without compromising quality

 

GET IN TOUCH TO LEARN MORE ABOUT TRADE EXTENSIONS AND HOW TO TRANSFORM YOUR STRATEGIC SOURCING

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Strategic Sourcing with TESS


Our world-class strategic sourcing and optimisation platform, TESS™, is uniquely flexible and runs projects ranging from simple reverse auctions to advanced sourcing events involving goods and services worth billions of dollars, millions of data items and multiple rounds of negotiation. 

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Strategic Sourcing with TESS


Our world-class strategic sourcing and optimisation platform, TESS™, is uniquely flexible and runs projects ranging from simple reverse auctions to advanced sourcing events involving goods and services worth billions of dollars, millions of data items and multiple rounds of negotiation. 

Our world-class sourcing and optimisation platform, TESS™, is uniquely flexible and runs projects ranging from simple reverse auctions to advanced sourcing events involving goods and services worth billions of dollars, millions of data items and multiple rounds of negotiation. 

Using advanced mathematical optimisation algorithms to power its scenario builder, TESS™ ensures the decisions you make are based on the best available options, taking into account the objectives and constraints you specify.

Sourcing with TESS and our advanced strategic sourcing software will allow you to meet your strategic objectives while keeping costs to a minimum and without compromising quality.

Get in touch to learn how we can help you transform your strategic sourcing.

 

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Sourcing Optimisation


Strategic sourcing combined with Sourcing Optimisation gives suppliers the freedom to express their strengths through flexible bidding and means buyers receive the best offers the market can provide.

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Sourcing Optimisation


Strategic sourcing combined with Sourcing Optimisation gives suppliers the freedom to express their strengths through flexible bidding and means buyers receive the best offers the market can provide.

Sourcing Optimisation gives suppliers the freedom to express their strengths through flexible bidding and means buyers receive the best offers the market can provide. From the buyer’s list of requirements suppliers are able to group items together and make offers for the different ‘packages’ they have created.  In addition, suppliers are able to make a range of offers to reflect multiple scenarios such as varying volume discounts or payment terms. 

This approach allows buyers to apply traditional negotiation techniques to incredibly complex sourcing projects involving tens of thousands of items, thousands of suppliers and multiple award criteria.

 

Trade Extensions pioneered the use of sourcing optimisation through combinatorial auctions and the power of our strategic Sourcing and optimisation software means it is now an area of true specialism.

What is so good about the software is that it can be used in more diverse ways and in more applications than you would expect.
— International Packaging Company
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RFX - Really Flexible


Trade Extensions platform TESS transforms the RFx stage of a strategic sourcing project.  The platform is infinitely customisable and can collect the precise data needed from suppliers. 

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RFX - Really Flexible


Trade Extensions platform TESS transforms the RFx stage of a strategic sourcing project.  The platform is infinitely customisable and can collect the precise data needed from suppliers. 

TESS™ transforms RFx and can be configured to source goods and services for all industries and sectors. Or, as our customers tell us, it’s Really Flexible™.

The flexibility means it is just as easy for major supermarkets to use TESS to source fresh produce as it for Fortune 500 companies to source temporary labour.  These are two real examples and you can listen here to a podcast from AT Kearney explaining how its Collaborative Optimizaton tools, which are powered by TESS, are used to source temporary labour.

TESS™ transforms the RFx stage of a Strategic sourcing project.  The platform is infinitely customisable and can collect the data needed TO SOURCE GOODS AND SERVICES for any Sector

Because TESS can be configured to collect the precise data organisations need during the RFx phase, it allows buyers to benefit fully from the mathematical optimisation TESS provides in the analysis phase. Numerous scenarios can be analysed very quickly meaning buyers can ‘play’ with the data and answer unlimited ‘what if?’ questions to find solutions that perfectly meet their needs. 

 

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Scenario Analysis


The scenario analysis phase of a strategic sourcing project uses our own optimisation algorithms to find the best combination of goods or services and suppliers that meet any criteria specified.

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Scenario Analysis


The scenario analysis phase of a strategic sourcing project uses our own optimisation algorithms to find the best combination of goods or services and suppliers that meet any criteria specified.

The scenario analysis phase uses our own optimisation algorithms to find the best combination of goods or services and suppliers that meet any criteria specified. In modern sourcing events this type of optimisation is essential as the potential number of combinations runs into millions.

TESS can analyse multiple scenarios taking into account as many or as few business criteria and constraints as necessary and will provide the results in seconds.  

Optimised scenario analysis allows sourcing professionals to make informed and balanced compromises and identify the solution that meets their and their suppliers’ precise requirements. 


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Beyond Sourcing®


The flexibility and power of TESS™  means it can be configured to optimise mathematically practically any resource allocation problem and model strategic sourcing projects that go Beyond Sourcing®.

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Beyond Sourcing®


The flexibility and power of TESS™  means it can be configured to optimise mathematically practically any resource allocation problem and model strategic sourcing projects that go Beyond Sourcing®.

The flexibility and power of TESS™  means it can be configured to optimise mathematically practically any resource allocation problem and model projects that go Beyond Sourcing®. The platform has been used for applications as diverse as production planning and supply chain design. 

Organisations using TESS to go Beyond Sourcing are finding creative ways to solve problems that previously would have been impossible. 

'Supply Chain Sourcing' is one of the most popular and effective applications of ‘Beyond Sourcing’ as it allows users to source and allocate all the contract components of a supply chain to deliver an optimum solution when looking at the chain as a whole.

WATCH THE VIDEO TO LEARN MORE ABOUT SUPPLY CHAIN SOURCING AND GET IN TOUCH TO SEE HOW IT CAN TRANSFORM YOUR WAYS OF WORKING.

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TESS Academy


TESS Academy™  is our virtual training institution providing users with a structured training path from novice to expert and the opportunity to become TESS Certified.

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TESS Academy


TESS Academy™  is our virtual training institution providing users with a structured training path from novice to expert and the opportunity to become TESS Certified.

TESS Academy™  is our virtual training institution providing users with a structured training path from novice to expert and the opportunity to become TESS Certified.

The Academy uses a combination of e-learning, instructor led and, where appropriate, bespoke training to ensure all users have the necessary skills to make the best use of TESS.

 
 

 

All TESS users are automatically enrolled in the TESS Academy and can achieve Levels 1,2 and 3 certification at their own pace.  

Levels 1 and 2 provide an introduction to TESS whilst achieving Level 3 means users will have an excellent understanding of the software.

Once users have achieved Level 3 certification, they are eligible to complete courses from the TESS Masterclass series that provides users with in-depth understanding of some of the more specialist features of the platform such as sub-bids and balance rules.