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Press Release

June 17th 2021, Puteaux, France. The Schneider Electric / Synertrade project distinguished at the “Trophées des Achats” 2021.

Schneider Electric and Synertrade had submitted their application to be awarded Procurement Project of the Year in the co-construction challenge category of the “Trophées des Achats”, an event gathering more than 1,000 Procurement professionals. This category honours innovative co-construction projects between a procurement department and a supplier.

On Tuesday, June 15th, 8:45 pm, Schneider Electric and Synertrade were delighted to receive the Procurement Awards 2021. This trophy was awarded thanks to public votes. This common project, competing with 53 others, received the highest number of votes.

This project, initiated 3 years ago with Schneider Electric, is an ambitious program to digitize the entire supplier relationship management on a global scale. Schneider Electric has chosen Synertrade Accelerate SRM solution to reinvent this relationship. The ambition was to being recognized as the leader in the digitalization of the supplier ecosystem.

 

This project has enabled us to engage our suppliers and leverage their performance to the next level through enhanced digital interactions: by gaining speed, transparency and quality, we gain in performance. We didn’t know that we would go so far with Digital. Antoine Perrin, Purchasing Strategy, Innovation, Effectiveness at Schneider Electric.

This project let the company connect to 13,000 Suppliers worldwide and onboarded 16,000 regular users in record time, covering more than 80% of its €12 billion spend, through 18 integrated collaborative workflows to assess and improve supplier performance on quality, ESG, innovation, and competitiveness objectives.

 

It is an honor for Synertrade Group to receive this Trophy. This award highlights the value of our SRM (Supplier Relationship Management) solution as well as the quality of the work and relationship between the Schneider Electric and Synertrade teams. It is even more gratifying that this award was obtained thanks to the votes of our ecosystem of users, partners and customers. Jean-Philippe Massin, Direction Synertrade Group