Tradologie: Driving Innovation with a Future-Driven B2B E-Procurement Platform

 J K Arora,Chairman & CEO

J K Arora

Chairman & CEO

Following the COVID-19 pandemic, highscale digitalization in automating important business operations, such as procurement and sourcing is gaining traction, which is expected to favor market expansion throughout the projection period. The use of technology into procurement processes enables strategic sourcing and supplier management to become more proactive and efficient, which is expected to reduce costs and increase business profitability.

Tradologie, the world's first Digital Trade Hub, is a Global B2B e-procurement platform enabling buyers and sellers of food and agricultural commodities to buy and sell in bulk. Tradologie is a network of over 600,000 registered buyers from 100 different countries and over 60,000 suppliers from 20 different countries. Tradologie is a sector agnostic platform that connects buyers and sellers of food and agricultural commodities such as rice, spices, wheat, sugar, edible oil, dry fruits, flours, pulses, and oil seeds. Tradologie supported trade of USD 1 billion in fiscal year 2021-22 and is expected to achieve at least USD 2 billion in fiscal year 2022-23.

The older B2B platforms which still exist basically provide the sellers only leads and listings and the onus lies on the members to verify them, contact them and negotiate individually in order to make the sale. The buyer on the other end remains unaware of the credentials of the seller and does individual due diligence before moving forward to ordering. This whole process proves to be unproductive for stakeholders despite spending time, money and efforts.
That is an ongoing expense with no promise of business,” says J.K Arora, Chairman & CEO at Tradologie.

“Tradologie on the other hand takes the onus of checking thecredentials of each stakeholder trading through them and verifying each enquiry before it is placed to the seller for their consideration. We ensure that price discovery of the commodity is done in a time bound manner which is followed by One-To-One Negotiation between the Buyer & Seller through the platform. The idea here is to provide complete trade support to all the stake holders so that the ease of trade prevails with maximum output for all at the lowest cost. We also market the sellers at the stage of order finalization to provide the maximum opportunity to generate sales”, asserts J.K Arora.

We are available globally and cater to buyers and suppliers from more than 100 countries, where the volume of trade we have facilitated is self explanatory

Trade takes place on Tradologie without the use of a phone call or an email. Tradologie is a transaction oriented platform where buyers come with ready-to-purchase requirements in search of trustworthy suppliers. Suppliers are expected to review the buyers'specifications and provide the best prices in a competitive environment. Buyers make an informed decision to place an order based on prices from multiple suppliers and their credentials.

We have been able to entice Government Procurement Departments in a few countries by providing them with an alternative to the time consuming and costly tendering system, which narrows their reach to a few global suppliers due to the highly fragmented nature of the market," highlights J.K Arora.

The platform is available globally and caters to buyers and suppliers from more than 100 countries.The volume of trade we have facilitated is self-explanatory.Right from Big Millers, Manufactures and Trading Houses to Small size companies are associated with us, where in, we are providing verified trade opportunities for them.

Going forward Tradologie aims to amplify the number of buyers and suppliers and reach at least one million mark. The company has been focusing on developing presence across different global trade hubs to have better buyers and suppliers relationship management and demand generation.

“We also want to appoint marketing agents in different countries, who would be offering Tradologie’s services to the respective countries’ suppliers. And lastly, create partnerships with different government’s trade promotion councils to promote their suppliers and buyers and get overseas opportunities,” concludes Arora.