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Friday
Mar022012

On the road

We like to get out and about as much as possible and there are a few events coming up where we will be exhibiting.  As ever, if you are attending please come and say 'hello'.

28 March 2012  Procurement Leaders Forum - Chicago

We are an Exhibiting Sponsor at the Forum in  Chicago so if you are visiting the show, it would be great to see you on our stand.

1-3 May 2012 Multimodal 2012, Birmingham, UK

As we have done for the last few years, we will be hosting a series of industry briefings from our stand showcasing how the logistics industry is embracing strategic sourcing. The full programme will be announced shortly but we already have confirmed speakers from Cabot, Drewry, Heriott-Watt University and Mars.

22 May 2012 Procurement Leaders Forum - London

We are in London as 'Networking Sponsor' of the Forum so there will be a number of Trade Extensions representatives at the event.   Once again, it would be great to see you.

Monday
Feb062012

Trade Extensions grows during 2011

Trade Extensions continues to grow and the end of year results show this was laregly due to some significant new customers and increased sales from software licences. 

During 2011, the company added significant customers from sectors including retail, telecoms, consumer goods and chemical and five of Trade Extensions’ top 20 customers, in terms of sales, were gained during the year.  The proportion of sales from business users - individual companies as opposed to consultants - rose to 70% and the new customers and the additional revenue mean Trade Extensions has a well balanced portfolio of customers in terms of sales and sectors.  

The US has been a particularly successful market for Trade Extensions and since 2009 the revenue contributed by this market has grown by 70%.  It means almost half of Trade Extensions revenue is now generated in the US with the remainder coming from Europe. 

Another important factor in Trade Extensions continued growth is its strategy to increase the number of customers licensing its software and sales of annual and multi-year subscriptions is now almost 60%.  This represents a 100% increase since 2008 and key to achieving this strategy is Trade Extensions desire to provide intuitive software so customers can run simple and complex sourcing events themselves.

We had a great end to 2011 and our strong performance has continued into 2012 with some major customer wins already.  Smart companies now recognise how sourcing can be used strategically and our technology gives companies the tools to help them achieve their overall business goals.

Trade Extensions, CEO, Garry Mansell

Read more on the main Trade Extensions website - here.

Thursday
Jan052012

Happy New Year!

Happy new year to all our customers and partners. 2012 is set to be an exciting year for Trade Extensions and the sourcing sector in general.

We hope you like the new format now By the Buy has gone online and it will mean this is the place to come for the latest company updates and more in depth Perspectives on the industry.

Constraint based decision making in sourcing will become more widespread during 2012 as budgets come under pressure and buyers are compelled to identify the optimum combination of goods, services and suppliers.

Garry Mansell, Trade Extensions, CEO 

Thursday
Dec152011

Trade Extensions is a top supplier for the grocery sector 

Trade Extensions has been selected as one of top 100 software and technology providers for the food and grocery industries. Leading business magazine Food Logistics revealed the FL100 for 2011 recognizing 100 software and technology providers that better enable grocery and foodservice distributors and manufacturers to realize their business goals.

Trade Extensions has a strong track record in the sector and its sourcing platform helps companies collaborate with suppliers and team members, and make optimal allocation decisions based on their qualitative and quantitative criteria.

Trade Extensions, General Manager, Americas, Chetan Raniga said,

The grocery industry has always been at the leading edge of technology and it recognizes how technology like ours increases competitive advantage by making the buying process more efficient and increasing transparency across the supply chain.

Read the offical announcement on the Trade Extensions website. 

Thursday
Dec012011

What is optimisation?

When we talk about 'optimisation' we mean using our own mathematical algorithms to find the best combination of goods/ services and suppliers that meet any criteria that have been specified.  In modern sourcing events it is essential as the potential number of combinations runs into millions.

Watch the short presentation below to find out more.

 

 

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