iTradeNetwork provides purchasing services and software-as-a-service procurement technology solutions that can help businesses reduce costs, increase revenue, improve compliance, and strengthen supplier relationships. Their modular approach allows clients to outsource their entire purchasing process or individual elements to access industry expertise, leading technology, and realize quick savings and operational efficiencies through strategic sourcing, category management, and an online purchase-to-pay system. Case studies demonstrate iTradeNetwork has successfully delivered double-digit cost savings for hospitality clients within 12 months through strategic planning, improved range management, and leveraging aggregate spend.
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.
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iTradeNetwork has a proven track record – able to deliver innovative D
Streamlined Operations
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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
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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
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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
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increasing the level of collaboration with other functions in the business.
INDEP
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After a thorough review of specifications and operational processes it
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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
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• Improve relationships with and management
of suppliers
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• Improve compliance to brand standards
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• Reduce product costs
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• Reduce the number of deliveries
• Reduce the number of invoices
• Reduce inventory
• Reduce wastage
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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