Trade Extensions is predicting a year of growth as businesses see on-line procurement and optimisation as tangible steps they can take to cut costs and beat the recession.
The announcement is prompted by the news that Trade Extensions’ revenue grew by 50% during the last 12 months with one third of the growth coming from new customers. The success in 2008 is in line with recent performance and means revenue has increased by 150% since 2006.
On-line procurement makes collecting precise information from a large group of suppliers easy but where technology can provide significant benefit is helping buyers make sense of these offers. A typical procurement project could involve hundreds of suppliers; thousands of individual items and millions of possible combinations of results. This volume of data is impossible to analyse manually but Trade Extensions software can find solutions in seconds.
Analysing procurement data in this way can have a...