New Strategic Sourcing solution analyzes product spend, vendor contracts and commodity market intelligence to identify sourcing opportunities while streamlining the sourcing process and enabling expanded collaboration with suppliers
CHICAGO, May 6, 2019 — ArrowStream, the leader in supply chain technology for the foodservice industry, announced the arrival and availability of its Strategic Sourcing solution for restaurant operators. The newly released solution will create a standardized and repeatable sourcing process within the procurement operation for the foodservice industry.
Strategic Sourcing expands ArrowStream’s integrated technology platform by connecting new sourcing capabilities with existing spend analysis, commodity intelligence and contract management tools. The result is an end-to-end process that focuses buyers on high-value sourcing opportunities while minimizing the administrative work needed to run sourcing events.
“Strategic Sourcing is the culmination of years of feedback and dialog with our customers and their suppliers. The result has been significant adoption across customers representing dozens of chain restaurant concepts,” said Jeff Dorr, Chief Customer Officer at ArrowStream. “Our customers are seeing tremendous value in the way we’ve streamlined the sourcing process and truly integrated it with other capabilities offered by our platform. With all this data in one place, buyers save hours of time during each sourcing event while simplifying decision making and working more cohesively with their supply chain partners.”
A major component of ArrowStream’s Strategic Sourcing solution is the Supplier Discovery capability. Supplier Discovery connects restaurant buyers directly to a curated, foodservice industry specific database of over 6,000 suppliers. Each listed supplier has validated experience providing products to chain restaurant operators. Buyers or culinary staff at restaurant chains can easily filter by their needs through advanced search capabilities.
Other key features of Strategic Sourcing include a Sourcing Planner, Spend Analytics, Commodity Market Intelligence, Sourcing Event Manager and a Scenario Analysis Tool.
Along with the launch of Strategic Sourcing, ArrowStream has also released Operator Collaboration, a new service for foodservice suppliers that improves communication with their operator clients. Suppliers access the ArrowStream platform to respond to RFPs from ArrowStream chain customers and input detailed contract pricing information. Suppliers can also customize a company profile page that is displayed in Supplier Discovery, which contains details about their company, the types of products they offer and the distribution network they ship through.
Strategic Sourcing and Operator Collaboration are now available for ArrowStream’s existing and future operator and supplier customers. To learn more about Strategic Sourcing visit www.arrowstream.com/sourcing. To request a demo, visit www.arrowstream.com/demo.
Founded in 2000, ArrowStream is a foodservice supply chain technology company that helps clients capitalize on data to improve their business. ArrowStream serves hundreds of restaurant operators, distributors and food manufacturers. For more information, please visit www.ArrowStream.com.
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