Market Informed Sourcing (MIS) adoption is growing but it is still low.  Why?

Trade Extensions, CEO, Garry Mansell was recently asked by industry blog Spend Matters to give some thought to why adoption of Market Informed Sourcing (MIS) is still relatively low despite impressive results.

Quality of data and appropriateness of the technology for smaller organisations are all cited as possible reasons but interestingly, price is no longer considered a significant barrier to entry.

His article, 'MISsing INACTION' is reproduced as part of our Perspective series and can be read in full here.


Trends in Dynamic Sourcing and Supply Chain Businesses

In the latest Perspective, Trade Extensions, Director of Suport - Americas, Ayush Sharma identifies some key trends in dynamic sourincing and supply chain businesses.

Looking at both 'hard dollar' and 'soft dollar' trends he shows how leading edge businesses are using optimisation techniques in ways that would have been impossible only a few years ago.

Ayush said, "Optimization tools have now morphed into a dynamic, living entity where optimization is done at regular intervals and can be used to model production plans, dynamic availability and several other criteria."

Get the whole 'Perspective' here.




TESS Academy is now open for learning

Our new virtual training institution the TESS Academy is now open and users have already begun working toward achieving TESS Accreditation.

The Academy offers a structured learning path from novice to expert user and provides individuals with an accreditation that will become recognised within the sourcing and optimisation industries. 

Using a combination of e-learning, instructor led and, where appropriate, bespoke training, the TESS Academy will ensure all users have the necessary skills to exploit fully the platform's capabilities. 

TESS is used in the most complex and interesting sourcing challenges and effective training ensures users get the most from the platform. The TESS Academy takes this training one stage further providing users with an accreditation enabling them to excel in their current roles but also providing employers with a benchmark when looking to recruit advanced sourcing specialists.

Trade Extensions, CEO, Garry Mansell


Initially, the e-learning courses on the TESS Academy will allow users to achieve a Level 2 accreditation, meaning they will have a good understanding of the platform and be able to launch, analyse and complete a sourcing project.   Levels 3 and 4 will follow later in the year covering more advanced features such as advanced scenario modelling and are likely to be a combination of e-learning, webinars and face-to-face training.

TESS users can access the Academy by logging into TESS and clicking on the TESS Academy link.



Dreaming of a White Christmas Paper

What happens if the world's oldest and largest seasonal distribution network goes down (with reindeer flu)?  How do you deliver half a billion individually wrapped parcels within a 24 hour period?  These are two of the hypothetical question we posed ourselves in our new White Christmas Paper - 'Dealing with seasonal fluctuations in times of crisis'.

Written with the help of our friends at Spend Matters, it is our seasonal message and a way of saying thank you to all our customers and partners for their support over the year.

We hope you enjoy.

Download here:  WHITE CHRISTMAS PAPER: Dealing with seasonal fluctuations in times of crisis


What's next for optimisation?

The latest white paper from Dr Michael Lamoureux (aka The Sourcing Doctor) sheds light on what we can expect optimisation to achieve in the next few years.  It's true to say that many organisations struggle with the concept of optimisation and what it can achieve today, but those that do understand and use it effectively (our customers) see its benefits on daily basis.


Michael's white paper gives us a glimse of the future as he sees it and presents six ways to merge big data, analysis and optimisation to take strategic sourcing decision optimisation to the next level.


 ...find savings and cost avoidance opportunities you would never have imagined even a year ago.

Dr Michael Lamoureux


Download the white paper "Optimization: What comes next?" - here.

Read more from The Sourcing Doctor - here.