Home / Knowledge / News / Information Technology / Agentrics opens up market with new sourcing service
Agentrics opens up market with new sourcing service
26
Jul '11
Agentrics, the supply chain solutions provider part-owned by many of the world's leading retailers, is opening its doors with a new sourcing and procurement service which until now has only been available to its retail client base.

The move follows six years developing its Discovery Services offer, which has helped retailers like Kingfisher and Migros cut costs by up to thirty percent on regular orders on everything from stationery to new checkout machines. After identifying and referring 60,000 pre-qualified suppliers in over 2,000 different product categories and integrating its online bidding platform to have them all compete for the best terms and conditions, Agentrics will roll-out the service to other industries, including manufacturing and service industries.

“The majority of companies tend to rely solely on a chosen few suppliers and rarely have the time, inclination or even language capabilities to open up to a whole global subset of others,” says Jim Conroy, head of sales in Europe, Agentrics. “We can open their eyes to new, often stronger supplier possibilities, all easily approachable through a secure, online negotiation platform. What's more, with increased competition, comes lower prices.”

Discovery Services helps companies identify new sources of supply, give complementary information and significantly improve search criteria. Integration to its online bidding platform, ezMarket, also paves the way for an easier and more effective tender process. Benefits include increased supplier competition, lower purchasing costs, less administration and faster procurement lead times.

The Agentrics team of independent experts working 'round the clock in multiple languages can root out the best suppliers up to the task as opposed to most companies traditionally relying on agents tied to fixed suppliers and all intermediaries taking a commission along the way. With more and more supplier negotiations now happening over the internet on a global scale, time-consuming, manual processes are being replaced by specialist software systems and services. Research by Gartner reveals that over eighty percent of sourcing is now globally outsourced, with suites delivered via software-as-a-service dominating the strategic sourcing application market.

Agentrics has seen a fifty percent rise in indirect (products not for resale) sourcing requirements in the last year, compared to previously companies mostly sourcing raw materials and finished goods and services. This includes growing interest in apparel - for instance for uniforms for staff - and telecommunications suppliers. There's also been increased demand for Eastern European and South American companies, particularly in the DIY sector.

“Most companies make purchases often enough – everything from paper to translations - so we're making our technology and tried and tested services available to a broader audience,” adds Conroy.

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

Agentrics


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search