Cloud-Based Software optimizes visibility for global retailers.January 23, 2012 -
Part of SpendScience(TM) visibility platform, EventScience(TM) allows customers to track negotiation events with dashboard view of historical results as well as pipeline activity, providing visibility of savings success against corporate targets and snapshot view of all KPIs within Internet browser. For businesses with decentralized purchasing structures, program helps pinpoint potential opportunities for leveraging spend across business and optimizing savings potential.
Original Press release
TradingPartners
311 South Wacker Dr
Chicago, IL, 60606
USA
TradingPartners Enhances Visibility for Global Retailers with SpendScience(TM) Technology
CHICAGO, -- TradingPartners (www.tradingpartners.com), the leader in spend management and visibility technology and services, today announced the release of EventScience(TM), a product module of the company's visibility platform, SpendScience(TM), to global retailers.
TradingPartners initially released the platform to a global retailer in order to facilitate clear visibility over the customer's negotiation activities, and has now extended the service to retailers worldwide. TradingPartners has an extensive client base in the retail vertical and has developed a platform with the needs of the industry in mind, providing transparency of negotiation events and spend areas from across the business, all in one central location.
The EventScience(TM) platform allows customers to track negotiation events with a dashboard view of historical results as well as pipeline activity, providing visibility of savings success against corporate targets and a snapshot view of all key performance indicators (KPIs) within an internet browser. For businesses with decentralized purchasing structures this means the ability to pin point potential opportunities for leveraging spend across their business and therefore optimizing savings potential.
Mark Barnekow, chairman and CEO of TradingPartners said: "We are excited to see our approach to managing direct and indirect spend through SpendScience gain traction in the retail sector. It is refreshing that our vision of bringing innovation through science in the procurement function has been enthusiastically embraced by category managers and buyers in the retail sector."
SpendScience(TM) is the first of its kind cloud-based platform that allows customers to create a configurable dashboard visibility of complex data streams which can be viewed in real-time online. The application enables executives and procurement professionals to view reports and graphics of KPIs and allows for performance analysis by location, operating company, supplier relationships, categories, products and many other parameters.
About TradingPartners
Based in Chicago, with European headquarters in London, and operations in Africa, Asia and Latin and South America, TradingPartners provides growing companies and global Fortune 500 firms with the most comprehensive and effective spend management and visibility technologies and services. With a global vertical focus in foodservice, healthcare, manufacturing, public sector, retail and services industries, TradingPartners assists its customers to reduce the cost of their direct and indirect purchases with tangible results often in the 10-25% range. TradingPartners' unparalleled domain expertise, comprehensive supplier database, and robust spend management technology platform have helped hundreds of corporations and public sector entities achieve dramatic business process improvements and tangible cost savings. For more information, visit www.tradingpartners.com.
TradingPartners and its respective logos are trademarks of TradingPartners Ltd. All other trademarks are the property of their respective owners.
Web Site: http://www.tradingpartners.com
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