Agentrics Global Sourcing Continues to Grow: 100,000 Events and Counting

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2011 marks important milestone as the 100,000th event is hosted through Agentrics Sourcing

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“The most successful companies are those that can quickly respond to changes in the market, business and economic climates,” said Kurt Johnson, Vice President, Agentrics.

Agentrics, a leader in retail and supply chain solutions, today announced that 100,000 events have successfully been hosted through the Agentrics Sourcing software, saving customers more than $1 billion annually.

With a deep understanding of the buying process and years of experience helping retailers around the globe, Agentrics Global Sourcing solution helps organizations develop or enhance their buying process to leverage economies of scale, establish best practices and truly identify the best supplier for the project. The Agentrics Sourcing solution streamlines all steps in the strategic sourcing process – from auction/RFx modeling through event execution, collaborative analysis and award of business.

Agentrics Sourcing helps global companies:

  •     Provide savings of 10%-40% per event
  •     Achieve ROI in 2-4 events
  •     Place more direct and indirect categories under procurement management
  •     Standardize sourcing processes
  •     Allow full event traceability for audit or reference
  •     Support the optimized mix of in-house or externally supported sourcing initiatives

“The most successful companies are those that can quickly respond to changes in the market, business and economic climates,” said Kurt Johnson, Vice President, Agentrics. “With Agentrics Sourcing solution, retailers and manufacturers of all sizes across all areas of the world have a powerful platform through which they can navigate an increasingly challenging global economy.”

About Agentrics:
Agentrics is a global provider of retail and supply chain solutions for clients including ASDA, Carrefour, Auchan, Marks & Spencer, PepsiCo, Casino, Walgreens, Coles and Best Buy.

Its business solutions enable leading retailers, brand manufacturers and suppliers to launch more products faster, by fostering a collaborative supply chain with accurate, timely and automated data sharing. This leads to significant efficiencies, lower costs and faster time to market, while benchmarking performance against the world’s best.

The company was founded over a decade ago by the world’s top retail players as one of the industry’s first ever online exchange platforms in order to increase competitive advantage and profitability through the joint development of best practices. Today, Agentrics offers solutions covering spend management, product sourcing, supply chain planning and replenishment, retail intelligence, online collaboration and communication, as well as product lifecycle management.

Agentrics employs more than 600 people working in 14 languages across 34 countries. Its customers represent more than $1.5 trillion in consumer spending.

Agentrics is a trademark of Agentrics LLC. All other trademarks are property of their respective owners.

Media Contact:
Sara Maaske
Agentrics
+1 312 706 3635
smaaske (at) agentrics (dot) com

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