Foodbuy LLC Leverages Instill's Procurement And Food Spend Management Solutions To Realize Cost Savings
San Mateo, CA - Instill Corporation ("Instill"), a leading provider of spend intelligence services and solutions for the foodservice industry, recently announced that Foodbuy LLC, the nation's largest foodservice group purchasing organization (GPO) focused exclusively on the $400B foodservice marketplace, has leveraged Instill's integrated Procurement and Food Spend Management solutions to realize cost savings, drive contract compliance and gain increased visibility.
"We selected Instill because they really understand the foodservice business, and they have a track record of delivering solutions that allow for supply chain collaboration with our trading partners," says Tony Shearer, Chairman of Foodbuy. "The integrated Instill solution gives us greater control over the way we manage, procure, and order with our partners. Instill will take Foodbuy to a much higher level of operational efficiency."
Foodbuy has started implementing Instill's Procurement solution and expects to have over 500 units electronically ordering by the end of the year. Already this solution has exceeded expectations and the roll out will continue until all 5000+ Foodbuy units are live. Procurement streamlines the order-to-pay process for unit managers while providing Foodbuy with the tools to control order guides and monitor purchasing compliance to ensure they are taking full advantage of negotiated contracts.
Foodbuy is also using Instill's Food Spend Management solution to control costs and grow the business by leveraging features such as contract management, product compliance and price variance reporting as well as SKU consolidation. Since its August deployment, Foodbuy is already realizing cost savings from Food Spend Management.
"Food Spend Management makes it easier to buy the right product at the right time for the right price. This effect is felt throughout the supply chain because we are able to optimally direct product to our units, improving the relationships we have with both our suppliers and our distributors," said Shearer.
Instill's Food Spend Management and Procurement solutions are part of a comprehensive, integrated suite of proven solutions for foodservice companies that includes Promotion Management, Quality & Compliance Management and Trade Spend Intelligence. Instill generates significant savings for foodservice operators, manufacturers and distributors by providing the visibility and information necessary for effectively managing key business processes within the organization and throughout the supply chain.
SOURCE: Foodbuy LLC and Instill Corporation