TradingPartners Saves Retailers 11% in Spend Negotiation Activities

By Tradingpartners, PRNE
Sunday, July 10, 2011

CHICAGO and LONDON, July 11, 2011 -

- Retail
Customers Cut Cost of Goods and Services in First Six Months of

TradingPartners ( href="">
today announced it has saved its retail customers an average of 11
percent of total spend year to date with its spend management
technology and services.  TradingPartners works with many of
the most trusted retail brands worldwide to deliver significant
savings as part of their most strategic initiatives.

In the first half of 2011, TradingPartners managed retail spend
negotiation activities across 50 categories including apparel, home
decor, healthcare, home improvement, fresh and frozen meats, pet
supplies, produce, shoes, and sporting goods, to name a few. These
spend management activities have taken place in more than 10
countries globally.

Mark Barnekow, CEO of TradingPartners said, “We are extremely
pleased with the work we have done with retailers in the first half
of the year.  Many of our retail customers are facing
significant pressure from rising prices due to inflation and
greater demand on raw material inputs driving prices higher.
 We hope to continue to exceed the savings expectations of our
retail customers throughout the remainder of the year.”

Many of TradingPartners’ spend management activities with retail
customers transcend the typical spend negotiation activity.
 The company actively works with its customers to execute
strategic initiatives such as SKU rationalization and assortment
initiatives, private label strategies, and supplier localization as
part of their sustainability initiatives to name a few.  In
many cases, TradingPartners provides significant supplier
augmentation services to assist retailers to find more cost
efficient suppliers who can provide consistent quality supply of
goods and services.

About TradingPartners

Based in Chicago, with European headquarters in London, and
operations in Asia and South America, TradingPartners provides the
most comprehensive and effective spend management technology and
managed services to retailers and other corporations 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
technology platform has helped hundreds of manufacturers,
retailers, and service firms achieve dramatic, tangible cost
savings. For more information, visit href="">

Sharon Barclay, +1-617-571-1233, sharon at, for TradingPartners

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