Marketplaces


ApplegateIn partnership with CIPS, Applegate Marketplace shares key insight and knowledge to help CIPS members and other procurement professionals realise the value offered by marketplaces.

Marketplaces provide opportunities to explore and acquire comparative information on businesses, people, products and services at micro and macro levels. The multiple funnels of data they collate reveal a useful source of supply chain information including operational, industry, forecast and macro-economic details as well as specific figures about sales, cost, inventory and accounting. Useful for companies in determining competition or B2B customer demographics but also, enabling you to form an overview of the sector you’re exploring when making value-based decisions.

In this area you will find discussion and analysis of value opportunities, key issues and trends emerging within marketplaces.


Exclusive Preview

For 20 years Applegate has been committed to the continuous development of our marketplace information and the services we provide for procurement professionals. For 2016 we’re launching Applegate PRO; a new web based eProcurement platform that can simplify tendering processes, making it easier to convince maverick spenders to get competitive quotes before placing an order. We would like to invite you to be amongst the first to try our new service.

Latest Insight

 

Find the latest updates to our marketplace news, research and important upcoming events.

 

In partnership with CIPS, Applegate Marketplace shares key insights to help CIPS members and other procurement professionals realise the value offered by marketplaces.

Marketplaces provide opportunities to explore and acquire comparative information on businesses, people, products and services at micro and macro levels. The multiple funnels of data they collate reveal a useful source of supply chain information including operational, industry, forecast and macro-economic details as well as specific figures about sales, cost, inventory and accounting. Useful for companies in determining competition or B2B customer demographics but also, enabling procurement professions to form an overview of the sector they’re exploring when making value-based decisions.

In this area Applegate Marketplace provides discussion and analysis of value opportunities, key issues and trends emerging within marketplaces.


Applegate PRO

In 2016, Applegate launched Applegate PRO. Quick, easy and free-to-use, the cloud-based procurement system enables professional buyers to request multiple quotes for anything from office supplies to engineering components.

 

Preventing Maverick Spend - a local government case study

Applegate PRO uses a case study of local government procurement to explore the variety in maverick spend across a set of comparable organisations. It reveals startling differences in levels of uncontrolled expenditure and explores the implications from this. The findings are as relevant for procurement professionals in the private sector as the public, as they illustrate the effect of maverick spend wherever it may be found.

Find out more


How to handle the uncertainty of Brexit using an online marketplace.

Once Article 50 is filed, the UK will have two years of uncertainty while it establishes key policies and renegotiates trade terms with the European Union. In this uncertain period, business confidence is fluctuating and needs the procurement function to provide leadership. So, how can the use of an online marketplace aid procurement professionals?

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Five Types Of Maverick Spend And How To Control Them

Maverick spend is classified as any purchase made outside the remit of the procurement function. Here we identify five common variations and the simple steps to avoiding the ramifications of these actions.

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Introduction to Electronic Marketplaces

Accompanying the video interview with Professor Jim Norton, a detailed exploration of the role that electronic marketplaces have played in streamlining and simplifying the procurement process.

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Is There An Efficient Way To Uncover And Avoid The Ways In Which Your Organisation Is Susceptible To Maverick Spend?

Filtering out maverick spend from an organisation can be a slow yet highly rewarding challenge. In a recent survey, the estimated global waste due to inefficient spending processes and wasteful purchasing behaviour amounts to £2.28 trillion per year. In this article, Applegate explores the ways in which maverick spending can be identified and the reason it can occur.

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Could A Heightened Knowledge Of The Procurement Process Help To Minimise UK Business Costs?

In previous articles, Applegate has explored how procurement professionals can control the maverick spend within their organisations. Here we will look at the same issue from a different perspective. This time exploring whether it is possible for UK businesses to ensure they are getting the best value without the expertise of a procurement professional.

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Tackling Maverick Spend Using An Electronic Marketplace

Tackling maverick spend is widely regarded as the biggest challenge relating to indirect procurement. Within a large company, it is not uncommon for 80% of spend to be classified as ‘maverick’, here we explore five ways to minimise this figure using by an e-marketplace in conjunction with an eProcurement system.

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Features

Procurement and the Board - an interview with Lawrence Churchill CBE

Understanding how the board views procurement and how it values the profession can be key to establishing a meaningful role for the function within your organisation. Lawrence Churchill has been chairman of three major public bodies – the Financial Services Compensation Scheme, National Employment Savings Trust and the Pensions Protection Fund - executive chairman of Unum, chairman of Applegate Marketplace and chairman of Prudential’s Independent Governance Committee. He has been Senior Independent Director of Good Energy plc and BUPA and has served on the boards of the Financial Ombudsman, the Personal Investment Authority, the Association of British Insurers and the Actuarial Standards Board. In the charity sphere he is a Trustee of Age UK and the International Longevity Centre and a Governor of the Pensions Policy Institute. With this wealth of board experience, he describes the board’s view of procurement and the career opportunities to which the profession can lead.


Procurement and the Internet - an Interview with Professor Jim Norton

Professor Jim Norton worked with the Pentagon’s Defence Advanced Research Projects Agency in the early days of the Internet’s ‘pre-history’ as ARPANET. Jim went on to introduce the technology underlying the Internet to the UK. He was later Chief Executive of the Radiocommunications Agency and headed the team within the Cabinet Office that defined Britain’s e-commerce strategy for Prime Minister Tony Blair. He is a director of the Parliamentary Office of Science and Technology and past President of the BCS, the Chartered Institute for IT. Here he describes how marketplaces have developed with the rise of the Internet and the inevitable impact that this has had on procurement.


2015 Applegate-Brunel Digitisation Index (ABDI)

Applegate, in partnership with Brunel University London, has been conducting ground-breaking research into the impact of digitisation on over 800 businesses in the UK. Businesses, small and medium-sized enterprises especially, operate in a fiercely competitive environment. The results of this study could benefit them with a greater awareness of digital technologies and in doing so, help them develop a competitive advantage in the marketplace.

Offering business leaders an insightful view of their own marketplace, The Applegate-Brunel Digitisation Index reveals data and provides analysis that will support business leaders in forming successful growth strategies.

View the report here

Events and Tradeshows


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Discover Marketplaces

Discover Marketplaces

Explore our guides, articles and information to help you gain the most from marketplaces.

 

Tackling maverick spend

Projects

Projects

Learn about our current projects and take part in new marketplace surveys, exclusive to CIPS members.

Applegate ProApplegate PRO

Applegate PRO has been developed as a cloud-based eProcurement platform that can be used to simplify tendering processes. Get competitive quotes, choose the one which provides you with the greatest value and send a purchase order at the click of a mouse. 

CIPS members were invited to be amongst the first to try this service when it launched in January of 2016. Since then, its offering has been utilised by the likes of The White House, SpaceX, the MoD and Airbus to source products and services.

Applegate PRO has been developed as a cloud-based eProcurement platform that can be used to simplify tendering processes. Get competitive quotes, choose the one which provides you with the greatest value and send a purchase order at the click of a mouse. 


CIPS members were invited to be amongst the first to try this service when it launched in January of 2016. Since then, its offering has been utilised by the likes of The White House, SpaceX, the MoD and Airbus to source products and services.

·         Submit your request to receive quotes from the supplier or suppliers that fit your requirement.

·         Set a deadline for responses.

·         Set minimum requirements for suppliers quoting on your request.

·         Save time while obtaining the best value.

·         Increase traceability and accountability for all transactions.

·         Implement a simple-to-use system to control spend.

·         Strengthen your supply chain.

Try Applegate PRO


Applegate-Brunel Digitisation Index (ABDI)

Offering business leaders an insightful view of their own marketplace, The Applegate-Brunel Digitisation Index reveals data and provides analysis that will support business leaders in forming successful growth strategies.

The major research project returns later this year to analyse the impact of digitisation on British business a year on from its launch. Please check back for details about how you can participate in the 2016 survey.

 

Preventing Maverick Spend - a local government case study

Applegate PRO uses a case study of local government procurement to explorethe variety in maverick spend across a set of comparable organisations. It reveals startling differences in levels of uncontrolled expenditure and explores the implications from this. The findings are as relevant for procurement professionals in the private sector as the public, as they illustrate the effect of maverick spend wherever it may be found.

Find out more


Resources

Resources

Helpful content to guide you on your way to best practice in marketplaces.

  • Grace's GuideGraces Guide - Applegate has close links with the engineering sector, funding industrial heritage charity Grace’s Guide and promoting British design and manufacturing.
    Grace’s Guide is a free-content not-for-profit project dedicated to publishing the history of industry in the UK and elsewhere. Its aim is to provide a brief history of the companies, products and people who were instrumental in industry, commencing with the birth of the Industrial Revolution and continuing up to recent times. It provides an overview of topics and points other researchers to the source materials so they can find further information. View Grace's Guide to find out more.
  • Glossary of terms

 

Articles

  • Digitisation - Increasingly, procurement is moving online. With products and services sourced online, suppliers and procurement professionals have become digitally dependent. For many businesses this transition poses new challenges, but fortunately, marketplaces can aid adoption and help to futureproof supply chains through digitisation.
  • Students and the marketplace - What are the challenges facing students considering a career in procurement? Marketplaces are greatly expanding the universe of information available to students, enabling them to make more considered choices and to become more proactive in career planning.
  • The Implications Electronic Marketplaces can have on a Procurement Professional’s Search Costs - An analysis of how electronic marketplaces increase competition between suppliers, reduce buyer search costs and the implications that can have on procurement professionals. In a previous post, we examined the rise of long tail searches and the implications they have for procurement professionals. This article looks further at the implications of fully utilising the capabilities of marketplaces to enhance procurement operations
  • Marketplaces: Where Intelligence, Commerce and Community Meet - Building strong and reliable relationships with suppliers is tantamount to enhancing business performance – a prerequisite for improved cost efficiency and eventual growth. Networks and social platforms have increased in prominence but, over time, procurement professionals will tend to connect with vendors and make purchases through a single system. The new model combines elements of all three, offering a convenient solution for sourcing products and services online. They are marketplaces.
  • New Year Resolutions in the Marketplace - Online Marketplaces are likely to develop exponentially in the coming year, providing a cost-efficient and valued means for procurement into 2016. Take advantage of this service and discover how the marketplace can help you fulfil procurement resolutions this year.

 

Infographics

About Applegate

About Applegate

Applegate Marketplace helps procurement professionals source the products and services they require for their business. Quick, easy and free-to-use, its cloud-based procurement system enables professional buyers to request multiple quotes for anything from office supplies to engineering components.

The online marketplace, freely available through Applegate, provides buyers with fast access to over 140,000 suppliers and many millions of products.

Through innovation and expert solutions, Applegate are the business marketplace.

 

Why Applegate

By linking the benefits of an online marketplace and an eProcurement system, Applegate has created a unique online buying tool for businesses of all sizes to source suppliers.

Popular search engines are not geared to serve the particular needs of the business-to-business world, Applegate provides buyers with the tools needed to source products and services in specific industries.

 

About Applegate PRO

Source smarter, buy better with Applegate PRO - an eProcurement service from Applegate Marketplace.

Stuart Brocklehurst, Chief Executive Officer of Applegate Marketplace, commented: “For the past 20 years Applegate has been helping buyers find the products and suppliers they need. In the past year, we have formed partnerships with the Chartered Institute of Procurement and Supply, the body of professional buyers, and also with Wer Liefert Was, the leading business platform in Germany, Austria and Switzerland.

 “2016 has been an amazing year for us, with our new online buying tool, Applegate PRO, adopted by The White House, SpaceX, the MoD, Airbus and hundreds of other firms and governments right across the world – even in Mongolia! For a service we only launched this year, we’ve been blown away by its success.”

 

  • Submit your request to receive quotes from the supplier or suppliers that fit your requirement.
  • Set a deadline for responses.
  • Set minimum requirements for suppliers quoting on your request.
  • Save time while obtaining the best value.
  • Increase traceability and accountability for all transactions.
  • Implement a simple-to-use system to control spend.
  • Strengthen your supply chain.

Find out more information, or sign up now.

 

Partnerships

Applegate has close links with the engineering sector, funding industrial heritage charity Grace’s Guide and promoting British design and manufacturing.

Applegate is committed to continuous development of our marketplace information and the services we provide for buyers. In partnership with CIPS we endeavour to bring current and beneficial information about the marketplace to its members.

 

Introducing the Applegate Degree Apprenticeship

Following the success of the Applegate Academy, a traineeship scheme launched in collaboration with Petroc in January of 2016, Applegate Marketplace have launched a Degree Apprenticeship program in Business and Management in partnership with Plymouth University.

Find out more