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Police DUI checkpoints to come back April 1 after transparency overhaul. All trading happens on a 1 to 1 basis between buyer and seller to ensure full privacy, but it is of course possible to negotiate multiple deals at the same time.
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Trading is based on trust and the TMS allows you to manage exactly who you want to trade with - and who not. There are no surprises or other intermediaries between you and your suppliers. The TMS is a shared tool between buyers and sellers and rather than being a barrier it frees up time to for parties to talk with each other, while using the TMS to keep track of the negotiations and agreements.
The TMS is designed to support online negotiations with your trading partners.
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Different trading tools and strategies are useful in different situations. In some cases auctions are useful, but more and more the tendency is to prefer collaborative trading between parties and the language for this is negotiated agreements. Since the TMS is all about building value based on trusted relationships, negotiations is an integral part of the TMS capabilities.
It is also possible to place requests, which can be seen as orders and which are not negotiated further. This means that companies not currently using a procurement system can benefit from the TMS for this purpose. The TMS is best used for repeated negotiations with suppliers or buyers as the case may be. All types of products, which can be described unambiguously, for instance with specific codes recognized by both buyers or sellers, are highly applicable for the TMS.
We assess on a case by case basis, how best to serve different markets based on the data situation. The TMS is not useful for infrequent negotiations, which have different, special conditions every time. Data is the key to understand and improve your business, but for the same reason most companies prefer to be in control of their data. The TMS is designed with privacy in mind.
Related Definitions
A quote usually attributed to Albert Einstein says "Everything should be as simple as possible, but not simpler. Tables are generally speaking a useful way for people to read and understand data one of the reasons why spreadsheets are so popular. Most data is therefore presented in tables in the TMS, but while all data is generally accessible for the user, only the most relevant data for the specific action is in focus visible to keep screens as simple to read as possible. Different filters helps users find, what they are looking for more quickly.
For efficiency and also to protect data quality the master data is built into the system. This allows the user to pick data from the lists and avoids inconsistencies from typos,shorthand expressions etc. The TMS gives you full control over who you want to share data with and who you want to trade with. No outsiders can see who, you are trading with, or what you are trading and unless you have given specific permission to a company, that company cannot trade with you.
Two parties trading with each other will obviously know the contents of the deals, they make, but this remains private information between the two parties. We require very little personal information from users, mainly to identify which user performs which trade, and we do not request more information than we need. Finally, and perhaps most importantly, your data is your data. Our business is built on developing advanced services, not on selling your data. Unlike emails and spreadsheets, data in the TMS can only be shared with the intended recipient.
You will not find your data circulating in the wrong places. The TMS itself is designed with a number of security layers to keep your data safe and advanced users of our AxNode technology can get more specialized options.
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The TMS model. Summary infographic. Most of the time we find a broken process looking something like this:. The hidden costs of inefficiency. Real-time trading. Internal collaboration.