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Improve purchasing efficiency
and create value and profit
for your business.
Purchasing Services from iTradeNetwork
Reduce costs.
Free up time and energy.
Focus on core activities.
Balancing long-term business objectives with short-
term, but equally important, demands for cost savings
is a constant challenge for today’s food and beverage
operators. Creating teams with the necessary skills and
expertise to implement purchasing strategies can be
equally challenging. Those that choose to outsource
have discovered a simple and effective way to meet
such demands.
Specialising in the hospitality market, we provide
solutions that help customers generate return
on investment from day one.
Our services combine professional purchasing
and leading edge Software-as-a-Service (SaaS)
procurement technology to provide exceptional
improvements in purchasing, supply chain and unit
performance. iTradeNetwork develops and implements
procurement strategies that help you to deliver your
objectives and provide you with extraordinary insight
into your costs.
By outsourcing to iTradeNetwork you can rapidly
create value and improve your bottom line.
“My first choice for procurement services
to support our Food purchasing was
simple. Access to the category experts
within iTradeNetwork, who deliver great
results, with integrity, has helped to drive
a procurement transformation across the
food operation – unlocking value from
across the supply chain to deliver a stunning
return on investment.”
F&B Purchasing Director, Jarvis Hotels
How we do it.


iTradeNetwork is a pioneering company with a fresh        Strategy development
approach to purchasing for the hospitality industry.      When we understand where you are today and how the needs of
By combining professional purchasing with leading         your organisation will evolve, we identify opportunities and create
edge Software-as-a-Service (SaaS) procurement             a tailored purchasing plan. Our robust planning methodology
                                                          enables you to demonstrate to stakeholders that a thorough
technology, we give our clients unprecedented             strategic decision making process has been followed.
visibility and control over their purchasing processes.
Put simply, we help our clients keep costs down and       Category management
increase profits. In an ever-changing market, our         Once your overall purchasing strategy is clearly defined we use our
                                                          industry expertise and product knowledge to create category plans –
Purchasing Services can help you make the most
                                                          an action plan of how, with the support of your suppliers at a product
of your purchasing strategy and assist in achieving       category level, you can drive value for your business by better meeting
your long term goals.                                     the needs of your customers.

                                                          When terms have been negotiated and agreed we administer and action
From spend analysis and strategy development              any changes necessary in the supply chain. Throughout the terms of
to contract management and purchasing systems             the agreement, we continue to provide support to your organisation
implementation, our modular approach means we             by monitoring appointed suppliers and managing their performance
                                                          against detailed service level agreements.
can support your entire purchasing cycle or individual
                                                          To realise true value of your food and beverage (F&B) purchasing
elements. And as we manage the project, you can           activity, it is vital to ensure that your operation reflects the offer that
focus on running your business.                           has been developed. Using a programme of continual improvement,
                                                          iTradeNetwork’s Catering Operations team provide an audit and
                                                          coaching service focussed on boosting results of the individual
                                                          catering outlets in your business.

                                                          If you already have a well-defined purchasing plan and resources
                                                          in place, you can still benefit from iTradeNetwork’s Sourcing Event
                                                          Management modules. By using the latest purchasing technology
                                                          to enhance the skills of your team and streamline processes,
                                                          maximum benefits are returned from negotiations.



    “iTradeNetwork’s e-procurement systems provide
                                                          Multiple Operator Portals:
    the level playing field suppliers are looking for.    Online ‘Purchase-to-Pay’ (P2P)
    As iTradeNetwork manage product specifications        iTradeNetwork’s Multiple Operator Portals are customer branded websites
    on behalf of their clients the automatic product      designed to help your business manage supplier transactions electronically.
    matching, within their system, ensures we are         Outlet managers enjoy the convenience of being able to order online;
    vying for business on a like for like basis when      meanwhile head offices reduce operational costs, access savings from
    competing with other pre-qualified suppliers for      supply chain efficiencies, and negotiate more competitive pricing from
    operator volumes.”                                    suppliers. The additional visibility and control this affords translates
                                                          into better management, increased compliance and improved buying
    Penny Tomlinson, Sales Director                       decisions. It is these benefits, along with a more consistent presentation
    Fairfax Meadow                                        of your offer to the consumer that delivers the financial benefits.
Modular services, tailored to your business requirements
  Strategy Development



                                              Spend        Stakeholder      Market         Strategy
                                             Analysis       Interviews      Analysis       Selection



                                                            Implementation Plan



  Category Management

                                           Category       Product        Terms            Contract
                                           Planning       Sourcing     Negotiation     Administration &
                                                                                       Implementation

                                                              Review Performance

                                                  Supplier Performance Management

                                              Sourcing Event                Catering Operations
                                               Management                      Management




  Multiple Operator Portals (online P2P)


                                                          Catalogue Management
                                                              Purchase Order
                                                        Purchase Order Confirmation
                                                              Goods Receiving
                                                                     Invoicing
                                                                Credit Notes
                                                                     Payment




                                            “Best in class enterprises …. are notable for their
                                            superior performance and for their focus on and
                                            automation of the strategic sourcing process as well
                                            as their ability to accurately track their performance
                                            across many key areas.”

                                            The CPO’s Agenda, Aberdeen Group
                                            April 2009
Deliver great results.


You can choose outsourcing as a way to create                            When you work with iTradeNetwork’s team of experts
sustainable shareholder value. Whilst several                            and use the tools they provide you can achieve:
strategies are available to extract value from the
purchasing lifecycle, iTradeNetwork’s service is
a simple way to realise benefits quickly.




    10%
      REDUCTNIOSTS  N
                                                SAVE0D
                                                     0
                                                 £785,0
                                                                                              AND
                                                                                 INDEPENDENT ICE
                                                                                 ACCURATE SER G
                                                                                               V
                                                                                               IN
        TRIBUTIO CO
      IN DIS                                                                      LEVEL REPORT



                                                                                                                          10%
                                                                                                                            REDUCTNIOSTS  N
     REDUCE
      RISK
Sustainable Sourcing & Cost Reduction             75%         TION
                                                   REDUCPURCHASE
iTradeNetwork has a proven track record – able to deliver innovative D
                                                                         Streamlined Operations
                                                                                                                              TRIBUTIO CO
                                                                                                                            IN DIS




                                                                         iTradeNetwork’s online ordering portal ensures that your units purchase
                                                   IN PRODUCTS
solutions year on year for customers. By reviewing the supply chain      only from nominated suppliers, helping to improve compliance to your
structure, product engineering, and the application of iTradeNetwork’s   brand standards.
procurement tools, a 7 figure saving was generated from one spend
                                                                         For a hotel group with over 40 hotels, it was possible to improve
category alone for a global organisation across 71 sites, whilst
                                                                         operational compliance using a combination of iTradeNetwork’s
                                                                                                                           REDUCE
maintaining brand standards.
                                                                         services and systems. Through further negotiation the group was


                                                                                                                            RISK
                                                                         then able to reduce distribution costs by 10%.

                                                                         Once in place the efficiency improvement and cost reduction
                                                                         opportunities presented by a Purchase-to-Pay (P2P) system
                                                                         are endless.FASTER, CLEANER
    10%
      Reduction
                                                 SAVE                                MORE EFFECTIVE
                                                 $1,000,000
                                                                                      PROCUREMENT
   in Distribution Costs




                                                                                                                          10%
                                                                                                                            Reduction
                                                                                                                         in Distribution Costs
“The combination of iTradeNetwork’s procurement
                                                                                service and e-procurement platform gives each
                                       Sustainable                              hotel the freedom to purchase from a selection of
              Operational                                                       centrally approved suppliers and ensures that hotels
                                     Sourcing & Cost
              Excellence
                                        Reduction                               always have competitive trading terms. Daily spend
                                                                                reports have provided greater visibility of spend on
                          iTradeNetwork                                         which actions have been taken swiftly – improving
                            Purchasing                                          supplier performance and assisting in driving the
                             Lifecycle                                          hotels adherence to brand standards – providing
                                                                                our guests with improved service and consistency
              Supply Chain             Streamlined                              of product quality.”
                Insight                Operations
                                                                                F&B and Purchasing Director
                                                                                Jarvis Hotels




SAVE0D
                                               AND
                                  INDEPENDENT ICE
                                                V
                                                                                                                             10%
                                                                                                                              REDUCTNIOSTS  N
     0
£785,0                            ACCURATE SER G                                                                                TRIBUTIO CO
                                                                                                                               IN DIS

                                                IN
                                   LEVEL REPORT




                                                                                                                              REDUCE
75%     CTION
  EDUTS PURCHA Chain Insight
 RSupply SED                                                                 Operational Excellence
                                                                                                                              RISK
   ODUC
 IN PR
   Spend intelligence that is accurate, up to date and easily accessible     iTradeNetwork understands that you need operational excellence
   is vital for any organisation wishing to achieve greater visibility and   from your suppliers if you are to succeed in your quest to provide
   management of spend. The iTradeNetwork online P2P system captures         customer satisfaction.
   and generates up to date meaningful information that can then be used
                                                                             The hospitality industry often relies on the tenacity of entrepreneurial
   in both operator management and supply chain improvement initiatives.
                                                                             food and beverage teams to recover supplier failures by sourcing locally
   Based on reliable data you can make decisions rapidly and prevent
                                                                             at the last minute – impacting the operational efficiency and cost of
   small issues from escalating.
                                                                             sale and sometimes compromising customer satisfaction. For this

                                       FASTER, CLEANER                                                                       10%
                                                                             reason iTradeNetwork provides ongoing supplier management support,
                                                                             arranging contingent points of supply at the outset, for key product

SAVE
                                                                                                                                 Reduction
                                                                             categories and suppliers, which remain ready forDistribution Costs time.
                                                                                                                              in action at any

$1,000,000
                                       MORE EFFECTIVE
                                        PROCUREMENT
Hospitality Case Study:

Real savings, real quick.
iTradeNetwork was chosen by a national multi-site
multi-brand hospitality operator with a myriad of
skill levels across the business to help them quickly
reduce costs.
iTradeNetwork’s strategic approach generated
realised savings of 12% within just 12 months
at a time of unprecedented inflation on Food
and Beverage, achieved through:

Strategic planning                                                                  Increased leverage
The introduction of iTradeNetwork’s procurement systems made                        A group of unrelated operators worked together, enabled by
it possible to plan and structure resources in such a way as to generate            iTradeNetwork, using aggregate volumes to generate improved



                                                                         10%
a six figure reduction in the cost of the procurement operation whilst              net pricing from distributors and brand owners.


                                                                                                                          SAV,00D
                                                                                                                              E
increasing the level of collaboration with other functions in the business.
                                                                                                                                                                 INDEP
Improved range management                                                     Gross     N          £785
                                                                          REDUCTNIOSTSprofit management                         0                                ACCU
After a thorough review of specifications and operational processes it
                                                                            TRIBUTIO CO
                                                                          IN DIS
                                                                                    iTradeNetwork’s Catering Operations team was deployed on a priority
                                                                                                                                                                  LEVE
was possible to reduce the number of products purchased by 75%.                     led basis; to locations with the greatest lost opportunities as identified
                                                                                    from the use of our best in class spend intelligence systems.
A fast track product approval scheme was also introduced to retain
operational flexibility and prevent range proliferation.
The impact of the rationalisation was to:




                                         10%                             REDUCE AVED
                                                                                                                            75%             AND
                  • Improve relationships with and management
                    of suppliers
                                                                              S ,000                                            INDEPENDENT ICE
                                                                          RISK
                                                                                                                                             V
                  • Improve compliance to brand standards
                                          REDUCTNIOSTS N                      £785                                           R  ACCURATE SER
                                                                                                                               EDUCTION PORTING
                  • Reduce product costs
                                             IBUTIO CO
                                           IN DISTR                                                                              LEVEL RE
                                                                                                                             IN PRODUCTS
                                                                                                                                           PURCHASED


                  • Reduce the number of deliveries
                  • Reduce the number of invoices
                  • Reduce inventory
                  • Reduce wastage




                                          REDUCE
                                          RISK                           10%
                                                                          Reduction
                                                                                               75%       N
                                                                                               REDUCTIOSED                 SAVE
                                                                                                                                                                   FA
                                                                                                                                                                   MO
                                                                                                      HA
                                                                                               IN PRODUCTS
                                                                                                             PURC
                                                                                                                           $1,000,000
                                                                                                                                                                    P
                                                                       in Distribution Costs




                                                                                                                                       FASTER, CLEANER
                                         10%
                                          Reduction
                                                                                               SAVE                                    MORE EFFECTIVE
Reasons to use
iTradeNetwork
purchasing services.
Our passion and enthusiasm to work with customers to                          Distinctive technology & capability
develop innovative and tailored solutions that challenge                      • Robust, secure and resilient, our platform has an enviable track record
the norm is what drives us to provide the highest                               and customers from around the world trust iTradeNetwork to process
professional and commercial standards. Our structure,                           £150bn of transactions annually.
                                                                              • We have our own specialist sourcing and negotiation systems for
procedures and systems provide a solid foundation on                            online tenders, auctions and contracts – including our Dynamic
which we can deliver solutions – providing you with a                           Procurement System.
very attractive return on your investment.                                    • We recover your lost profits due to supplier errors so that forecast
                                                                                savings are not lost in operational mishaps.
When you choose iTradeNetwork we take responsibility                          • On-boarding your suppliers into our platform is managed entirely
for delivering on our commitments to you so that you                            by us on your behalf.
                                                                              • With iTradeNetwork you can opt for a fully managed S2P (Source-to
can deliver on your commitments to your customers.                              -Pay) outsourced solution all under one roof, incorporating all category
                                                                                expertise, systems and development skills necessary to generate
Historical performance                                                          maximum benefit.
                                                                              • To improve gross profit for your food and beverage operation our
• Operators in many hospitality sectors choose iTradeNetwork: hotels            Catering Operations team can provide coaching sessions direct to
  & restaurants, business & industry, education and travel & leisure.           those that require it.
• We can successfully, securely and independently aggregate volumes to
  sustainably generate savings greater than one customer acting alone.
• Finalists in the British Computer Society Project Excellence awards,        Commitment
  iTradeNetwork were recognised for work done to create and implement         • Should you choose iTradeNetwork to provide your solution we will
  a full P2P (Purchase-to-Pay) solution. By integrating ITN’s transactional     be proud to work as an extension of your organisation’s teams to
  systems with the customer’s finance systems the customer was able to          unlock value from your supply chain.
  save a six figure sum in software licence costs alone.                      • iTradeNetwork is a subsidiary of Roper Industries, a Standard & Poor’s
                                                                                S&P 500 Index company.
Skilled resource                                                              • To serve the future needs of your business in a way that internal
                                                                                solutions can never hope to match iTradeNetwork is continually
• Built by IT specialists from the hospitality, foodservice and food            investing to develop the capabilities of its technology platform.
  retail sectors, the iTradeNetwork platform can deal effortlessly
  with industry complexity.
• Whatever the need – our team of category experts operate as an
  extension to your business, acting in your interests at all times.
• With many years experience of providing services iTradeNetwork
  have helped many organisations drive change and implement
  procurement solutions of varying complexities.


Accessibility
• Large or small, we provide commercially viable procurement solutions.
• When you use iTradeNetwork you can access market-leading supply
  chain management technology with fast deployment and low cost
  of ownership.
• All implementations are modular, flexible and scalable in nature,
  ensuring you get the benefits right from the start when you work with
  iTradeNetwork, without the capital expenditure normally associated
  with increased resource or additional IT capability.
“iTradeNetwork apply robust buying procedures and
policies which makes working with them very straight
forward. By working closely with one of the central
category experts at iTradeNetwork we are able to
focus resources and target activities, enabling us to
concentrate on delivering service excellence at highly
competitive terms.”

David Burns, Managing Director
Fresh Direct UK Ltd.
iTradeNetwork is the leading global provider of
                                    on-demand supply chain management solutions
                                    for the foodservice, hospitality and retail industries.
                                    Worldwide, iTradeNetwork processes more than
                                    £150bn of commercial transactions for many of
                                    the world’s leading brands.
                                    Built upon vast industry expertise, a comprehensive
                                    data foundation, the industry’s most extensive trading
                                    partner network, and an ethos of continual development
                                    iTradeNetwork’s collaborative solutions allow users to:

                                    • Reduce costs
                                    • Increase revenue
                                    • Improve compliance
                                    • Strengthen trading partner relationships

                                    iTradeNetwork’s leading SaaS (Software-as-a-Service)
                                    and outsourced purchasing services are essential
                                    components of over 6,200 hospitality and retail
                                    companies’ operations.
                                    Our services combine leading edge SaaS procurement
                                    technology and professional purchasing to provide
                                    exceptional improvements in purchasing performance
                                    and supply chain efficiency. By outsourcing your
                                    e-procurement and spend management needs to
                                    iTradeNetwork you can quickly and easily create value
                                    and profit to improve your top and bottom line.




                                    iTradeNetwork
                                    Unit 1 Stokenchurch Business Park
                                    Ibstone Road
                                    Stokenchurch
                                    Bucks
                                    HP14 3FE
                                                                                              Designed by goode.co.uk




                                    Telephone
                                    0870 0100 227

iTradeNetwork is a member of the    Web
National Outsourcing Association.   www.itradenetwork.co.uk

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Best Practice Purchasing

  • 1. Improve purchasing efficiency and create value and profit for your business. Purchasing Services from iTradeNetwork
  • 2. Reduce costs. Free up time and energy. Focus on core activities. Balancing long-term business objectives with short- term, but equally important, demands for cost savings is a constant challenge for today’s food and beverage operators. Creating teams with the necessary skills and expertise to implement purchasing strategies can be equally challenging. Those that choose to outsource have discovered a simple and effective way to meet such demands. Specialising in the hospitality market, we provide solutions that help customers generate return on investment from day one. Our services combine professional purchasing and leading edge Software-as-a-Service (SaaS) procurement technology to provide exceptional improvements in purchasing, supply chain and unit performance. iTradeNetwork develops and implements procurement strategies that help you to deliver your objectives and provide you with extraordinary insight into your costs. By outsourcing to iTradeNetwork you can rapidly create value and improve your bottom line.
  • 3. “My first choice for procurement services to support our Food purchasing was simple. Access to the category experts within iTradeNetwork, who deliver great results, with integrity, has helped to drive a procurement transformation across the food operation – unlocking value from across the supply chain to deliver a stunning return on investment.” F&B Purchasing Director, Jarvis Hotels
  • 4. How we do it. iTradeNetwork is a pioneering company with a fresh Strategy development approach to purchasing for the hospitality industry. When we understand where you are today and how the needs of By combining professional purchasing with leading your organisation will evolve, we identify opportunities and create edge Software-as-a-Service (SaaS) procurement a tailored purchasing plan. Our robust planning methodology enables you to demonstrate to stakeholders that a thorough technology, we give our clients unprecedented strategic decision making process has been followed. visibility and control over their purchasing processes. Put simply, we help our clients keep costs down and Category management increase profits. In an ever-changing market, our Once your overall purchasing strategy is clearly defined we use our industry expertise and product knowledge to create category plans – Purchasing Services can help you make the most an action plan of how, with the support of your suppliers at a product of your purchasing strategy and assist in achieving category level, you can drive value for your business by better meeting your long term goals. the needs of your customers. When terms have been negotiated and agreed we administer and action From spend analysis and strategy development any changes necessary in the supply chain. Throughout the terms of to contract management and purchasing systems the agreement, we continue to provide support to your organisation implementation, our modular approach means we by monitoring appointed suppliers and managing their performance against detailed service level agreements. can support your entire purchasing cycle or individual To realise true value of your food and beverage (F&B) purchasing elements. And as we manage the project, you can activity, it is vital to ensure that your operation reflects the offer that focus on running your business. has been developed. Using a programme of continual improvement, iTradeNetwork’s Catering Operations team provide an audit and coaching service focussed on boosting results of the individual catering outlets in your business. If you already have a well-defined purchasing plan and resources in place, you can still benefit from iTradeNetwork’s Sourcing Event Management modules. By using the latest purchasing technology to enhance the skills of your team and streamline processes, maximum benefits are returned from negotiations. “iTradeNetwork’s e-procurement systems provide Multiple Operator Portals: the level playing field suppliers are looking for. Online ‘Purchase-to-Pay’ (P2P) As iTradeNetwork manage product specifications iTradeNetwork’s Multiple Operator Portals are customer branded websites on behalf of their clients the automatic product designed to help your business manage supplier transactions electronically. matching, within their system, ensures we are Outlet managers enjoy the convenience of being able to order online; vying for business on a like for like basis when meanwhile head offices reduce operational costs, access savings from competing with other pre-qualified suppliers for supply chain efficiencies, and negotiate more competitive pricing from operator volumes.” suppliers. The additional visibility and control this affords translates into better management, increased compliance and improved buying Penny Tomlinson, Sales Director decisions. It is these benefits, along with a more consistent presentation Fairfax Meadow of your offer to the consumer that delivers the financial benefits.
  • 5. Modular services, tailored to your business requirements Strategy Development Spend Stakeholder Market Strategy Analysis Interviews Analysis Selection Implementation Plan Category Management Category Product Terms Contract Planning Sourcing Negotiation Administration & Implementation Review Performance Supplier Performance Management Sourcing Event Catering Operations Management Management Multiple Operator Portals (online P2P) Catalogue Management Purchase Order Purchase Order Confirmation Goods Receiving Invoicing Credit Notes Payment “Best in class enterprises …. are notable for their superior performance and for their focus on and automation of the strategic sourcing process as well as their ability to accurately track their performance across many key areas.” The CPO’s Agenda, Aberdeen Group April 2009
  • 6. Deliver great results. You can choose outsourcing as a way to create When you work with iTradeNetwork’s team of experts sustainable shareholder value. Whilst several and use the tools they provide you can achieve: strategies are available to extract value from the purchasing lifecycle, iTradeNetwork’s service is a simple way to realise benefits quickly. 10% REDUCTNIOSTS N SAVE0D 0 £785,0 AND INDEPENDENT ICE ACCURATE SER G V IN TRIBUTIO CO IN DIS LEVEL REPORT 10% REDUCTNIOSTS N REDUCE RISK Sustainable Sourcing & Cost Reduction 75% TION REDUCPURCHASE iTradeNetwork has a proven track record – able to deliver innovative D Streamlined Operations TRIBUTIO CO IN DIS iTradeNetwork’s online ordering portal ensures that your units purchase IN PRODUCTS solutions year on year for customers. By reviewing the supply chain only from nominated suppliers, helping to improve compliance to your structure, product engineering, and the application of iTradeNetwork’s brand standards. procurement tools, a 7 figure saving was generated from one spend For a hotel group with over 40 hotels, it was possible to improve category alone for a global organisation across 71 sites, whilst operational compliance using a combination of iTradeNetwork’s REDUCE maintaining brand standards. services and systems. Through further negotiation the group was RISK then able to reduce distribution costs by 10%. Once in place the efficiency improvement and cost reduction opportunities presented by a Purchase-to-Pay (P2P) system are endless.FASTER, CLEANER 10% Reduction SAVE MORE EFFECTIVE $1,000,000 PROCUREMENT in Distribution Costs 10% Reduction in Distribution Costs
  • 7. “The combination of iTradeNetwork’s procurement service and e-procurement platform gives each Sustainable hotel the freedom to purchase from a selection of Operational centrally approved suppliers and ensures that hotels Sourcing & Cost Excellence Reduction always have competitive trading terms. Daily spend reports have provided greater visibility of spend on iTradeNetwork which actions have been taken swiftly – improving Purchasing supplier performance and assisting in driving the Lifecycle hotels adherence to brand standards – providing our guests with improved service and consistency Supply Chain Streamlined of product quality.” Insight Operations F&B and Purchasing Director Jarvis Hotels SAVE0D AND INDEPENDENT ICE V 10% REDUCTNIOSTS N 0 £785,0 ACCURATE SER G TRIBUTIO CO IN DIS IN LEVEL REPORT REDUCE 75% CTION EDUTS PURCHA Chain Insight RSupply SED Operational Excellence RISK ODUC IN PR Spend intelligence that is accurate, up to date and easily accessible iTradeNetwork understands that you need operational excellence is vital for any organisation wishing to achieve greater visibility and from your suppliers if you are to succeed in your quest to provide management of spend. The iTradeNetwork online P2P system captures customer satisfaction. and generates up to date meaningful information that can then be used The hospitality industry often relies on the tenacity of entrepreneurial in both operator management and supply chain improvement initiatives. food and beverage teams to recover supplier failures by sourcing locally Based on reliable data you can make decisions rapidly and prevent at the last minute – impacting the operational efficiency and cost of small issues from escalating. sale and sometimes compromising customer satisfaction. For this FASTER, CLEANER 10% reason iTradeNetwork provides ongoing supplier management support, arranging contingent points of supply at the outset, for key product SAVE Reduction categories and suppliers, which remain ready forDistribution Costs time. in action at any $1,000,000 MORE EFFECTIVE PROCUREMENT
  • 8. Hospitality Case Study: Real savings, real quick. iTradeNetwork was chosen by a national multi-site multi-brand hospitality operator with a myriad of skill levels across the business to help them quickly reduce costs. iTradeNetwork’s strategic approach generated realised savings of 12% within just 12 months at a time of unprecedented inflation on Food and Beverage, achieved through: Strategic planning Increased leverage The introduction of iTradeNetwork’s procurement systems made A group of unrelated operators worked together, enabled by it possible to plan and structure resources in such a way as to generate iTradeNetwork, using aggregate volumes to generate improved 10% a six figure reduction in the cost of the procurement operation whilst net pricing from distributors and brand owners. SAV,00D E increasing the level of collaboration with other functions in the business. INDEP Improved range management Gross N £785 REDUCTNIOSTSprofit management 0 ACCU After a thorough review of specifications and operational processes it TRIBUTIO CO IN DIS iTradeNetwork’s Catering Operations team was deployed on a priority LEVE was possible to reduce the number of products purchased by 75%. led basis; to locations with the greatest lost opportunities as identified from the use of our best in class spend intelligence systems. A fast track product approval scheme was also introduced to retain operational flexibility and prevent range proliferation. The impact of the rationalisation was to: 10% REDUCE AVED 75% AND • Improve relationships with and management of suppliers S ,000 INDEPENDENT ICE RISK V • Improve compliance to brand standards REDUCTNIOSTS N £785 R ACCURATE SER EDUCTION PORTING • Reduce product costs IBUTIO CO IN DISTR LEVEL RE IN PRODUCTS PURCHASED • Reduce the number of deliveries • Reduce the number of invoices • Reduce inventory • Reduce wastage REDUCE RISK 10% Reduction 75% N REDUCTIOSED SAVE FA MO HA IN PRODUCTS PURC $1,000,000 P in Distribution Costs FASTER, CLEANER 10% Reduction SAVE MORE EFFECTIVE
  • 9.
  • 10. Reasons to use iTradeNetwork purchasing services. Our passion and enthusiasm to work with customers to Distinctive technology & capability develop innovative and tailored solutions that challenge • Robust, secure and resilient, our platform has an enviable track record the norm is what drives us to provide the highest and customers from around the world trust iTradeNetwork to process professional and commercial standards. Our structure, £150bn of transactions annually. • We have our own specialist sourcing and negotiation systems for procedures and systems provide a solid foundation on online tenders, auctions and contracts – including our Dynamic which we can deliver solutions – providing you with a Procurement System. very attractive return on your investment. • We recover your lost profits due to supplier errors so that forecast savings are not lost in operational mishaps. When you choose iTradeNetwork we take responsibility • On-boarding your suppliers into our platform is managed entirely for delivering on our commitments to you so that you by us on your behalf. • With iTradeNetwork you can opt for a fully managed S2P (Source-to can deliver on your commitments to your customers. -Pay) outsourced solution all under one roof, incorporating all category expertise, systems and development skills necessary to generate Historical performance maximum benefit. • To improve gross profit for your food and beverage operation our • Operators in many hospitality sectors choose iTradeNetwork: hotels Catering Operations team can provide coaching sessions direct to & restaurants, business & industry, education and travel & leisure. those that require it. • We can successfully, securely and independently aggregate volumes to sustainably generate savings greater than one customer acting alone. • Finalists in the British Computer Society Project Excellence awards, Commitment iTradeNetwork were recognised for work done to create and implement • Should you choose iTradeNetwork to provide your solution we will a full P2P (Purchase-to-Pay) solution. By integrating ITN’s transactional be proud to work as an extension of your organisation’s teams to systems with the customer’s finance systems the customer was able to unlock value from your supply chain. save a six figure sum in software licence costs alone. • iTradeNetwork is a subsidiary of Roper Industries, a Standard & Poor’s S&P 500 Index company. Skilled resource • To serve the future needs of your business in a way that internal solutions can never hope to match iTradeNetwork is continually • Built by IT specialists from the hospitality, foodservice and food investing to develop the capabilities of its technology platform. retail sectors, the iTradeNetwork platform can deal effortlessly with industry complexity. • Whatever the need – our team of category experts operate as an extension to your business, acting in your interests at all times. • With many years experience of providing services iTradeNetwork have helped many organisations drive change and implement procurement solutions of varying complexities. Accessibility • Large or small, we provide commercially viable procurement solutions. • When you use iTradeNetwork you can access market-leading supply chain management technology with fast deployment and low cost of ownership. • All implementations are modular, flexible and scalable in nature, ensuring you get the benefits right from the start when you work with iTradeNetwork, without the capital expenditure normally associated with increased resource or additional IT capability.
  • 11. “iTradeNetwork apply robust buying procedures and policies which makes working with them very straight forward. By working closely with one of the central category experts at iTradeNetwork we are able to focus resources and target activities, enabling us to concentrate on delivering service excellence at highly competitive terms.” David Burns, Managing Director Fresh Direct UK Ltd.
  • 12. iTradeNetwork is the leading global provider of on-demand supply chain management solutions for the foodservice, hospitality and retail industries. Worldwide, iTradeNetwork processes more than £150bn of commercial transactions for many of the world’s leading brands. Built upon vast industry expertise, a comprehensive data foundation, the industry’s most extensive trading partner network, and an ethos of continual development iTradeNetwork’s collaborative solutions allow users to: • Reduce costs • Increase revenue • Improve compliance • Strengthen trading partner relationships iTradeNetwork’s leading SaaS (Software-as-a-Service) and outsourced purchasing services are essential components of over 6,200 hospitality and retail companies’ operations. Our services combine leading edge SaaS procurement technology and professional purchasing to provide exceptional improvements in purchasing performance and supply chain efficiency. By outsourcing your e-procurement and spend management needs to iTradeNetwork you can quickly and easily create value and profit to improve your top and bottom line. iTradeNetwork Unit 1 Stokenchurch Business Park Ibstone Road Stokenchurch Bucks HP14 3FE Designed by goode.co.uk Telephone 0870 0100 227 iTradeNetwork is a member of the Web National Outsourcing Association. www.itradenetwork.co.uk