LONDON, February 16,  2017 - Trade Extensions’ expertise in sourcing and optimisation has been highlighted in a new industry report with the company described as “the strongest sourcing optimization vendor” and competing in “a league of its own”. 

‘Landscape Definition and Overview: Sourcing, Contracting and Supplier Management’ published by research organisation Spend Matters provides a thorough analysis of sourcing, contracting and supplier management technology and describes Trade Extensions as follows:

…When advanced requirements are desired, the strongest sourcing optimization vendor is Trade Extensions, which competes in a league of its own in a type of sourcing-meets-supply chain network design hybrid…

Spend Matters, ‘Landscape Definition and Overview:
Sourcing, Contracting and Supplier Management’

The report also recognises the role specialist technology providers in sourcing, spend/supply analytics, supplier and contract management can provide in enhancing ‘suite’ solutions:  “it is important to realize the additional value that can come from complementing suite-based capabilities in these areas with specialized solutions if required. This is especially true for organizations that want to link e-procurement, invoice-to-pay or collective procure-to-pay capabilities with these strategic procurement technology areas and move beyond basic integrated procurement use cases.”

Trade Extensions, CEO, Garry Mansell said, “Sourcing optimization has been described as ‘guaranteed ROI’, and when we launch TESS 6.0 in April, the power of the platform will become even more accessible to users whether they are running complex sourcing events or simpler projects involving routine bid collection or even auctions.”

‘Landscape Definition and Overview: Sourcing, Contracting and Supplier Management’ is available free of charge from Spend Matters.

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Source:  Sourcing Innovation