TradingPartners Signs Deal with Barratt Developments

LONDON, July 26, 2011 /PRNewswire/ --

- One-Year Agreement of Spend Management Programs Helps Optimise Cost Structure

TradingPartners™ (http://www.tradingpartners.com) today announced that Barratt Developments, one of the United Kingdom's largest residential property development companies, has signed a one-year agreement covering a range of spend management activities with TradingPartners.  The relationship augments Barratt's purchasing team, and helps deliver additional savings across both direct and indirect procurement categories.  

Barratt Developments has agreed to a more strategic relationship with TradingPartners following several successful spend management projects, saving over 10 million pounds since 2007.  The objective of the partnership is to identify a wider range of spend categories and facilitate further cost reductions.  

John Adams, Group Procurement Director of Barratt Developments said, "TradingPartners provides us with the people, the technology and best-practice processes through which we can identify the right suppliers to deliver the goods and services and negotiate best-value agreements.  This will allow us to optimise our cost structure and strengthen our trading relationships.  Initial spend management initiatives with TradingPartners have delivered strong double digit savings in the telecoms and glass reinforced plastic categories."

Richard Adams, Managing Director of TradingPartners in Europe said, "We're thrilled to have a deeper relationship with Barratt Developments, especially as this builds on several projects over the past four years.  Our goal is to provide Barratt with inspired spend management solutions to help them negotiate more effectively and save money."

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 http://www.tradingpartners.com.

About Barratt Developments

Based in Leicestershire, UK with 25 divisions nationwide, Barratt Developments is one of the UK's leading residential property development companies.  It provides high quality, value-for-money homes for all market sectors, helping to meet housing demand in towns, cities, and rural areas, and is a leader in brownfield development and urban regeneration. For more information, visit http://www.barrattdevelopments.co.uk.