Agentrics Launch New e-Sourcing Solution
Release of web-based on-demand sourcing software to help companies streamline procurement process
Agentrics, a global leader in retail and supply chain solutions, is launching ezMarket Express, a powerful e-Sourcing tool designed with cost efficiency and ease-of-use in mind. Agentrics currently provides e-Sourcing solutions to many of the world's leading retailers, including Kroger, Tesco and Carrefour, saving customers more than $1B annually. Agentrics believes that the majority of small to medium sized companies are missing out on the benefits of e-sourcing software because they are deterred by the upfront investment and lengthy implementation. ezMarket Express will provide an affordable solution to make it simpler and faster for companies to request quotes from vendors and for the vendors to supply information through a web-based online tool.
"Verifying and approving vendors is a complicated, time-consuming process, so most companies tend to rely on a chosen few suppliers, often making them blind to the best deals," says Kurt Johnson, Vice President, Agentrics.
e-Sourcing software allows companies to buy goods and services both efficiently and effectively. ezMarket Express, in particular, enables companies to set key criteria and invite different vendors to bid. All responses are logged in a single database and easily compared for the best terms and conditions, rather than users relying on a string of emails and complicated, inefficient spreadsheets. EzMarket Express' automated processes lead to considerable time savings, says Johnson, and the delivery of the software-as-a-service means no additional hardware expenses are required, nor maintenance or upgrade costs.
"Most companies make purchases often enough - everything from paper to services - so we're making our technology available to a broader audience, with more flexibility to try it and see the benefits it brings," he adds.
The new online e-sourcing solution is being launched on April 4 in North America.
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.
Its business solutions enable leading retailers, brand manufacturers and suppliers 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 $1.5T in consumer spending.