Centerplate Selects Instill's Purchase Insight Solution; Will Leverage Industry Leading Service to Manage Food Spend.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. -- Instill in·still v. To pour in drop by drop. in  stil·la tion n. (R) Corporation, the leading provider of supply chain information services See Information Systems. and business intelligence solutions for the foodservice industry, today announced that Centerplate has selected Instill's Purchase Insight(SM) solution to reduce the costs of the firm's system-wide food spend. "We selected Instill because they have proven they can deliver significant hard dollar savings that allow us to combat the effects of food cost inflation," said Paul Daly, Centerplate's Vice President of Purchasing. Instill's Purchase Insight solution allows foodservice purchasing organizations to economically improve the management of their food spend. The solution automates the receipt and standardization of invoice data from distributors, automating what has traditionally been a painstaking, error-prone manual process. Instill further enhances the invoice data by adding other attributes critical to analyzing food spend from Instill's comprehensive database of foodservice product information. The enhanced data can be fed directly into a customer's applications, or accessed through Instill's robust, user-friendly analytical tools. In transforming the raw data into actionable information, Instill allows purchasing professionals to easily identify transactional cost savings by identifying items such as contract price variances and purchases eligible for rebate. The information is also made available for aggregate analysis, which generates additional opportunities for cost savings in areas such as SKU (StockKeeping Unit) The number of one specific product available for sale. If a hardware device or software package comes in different versions, there is an SKU for each one. SKU - stock-keeping unit rationalization and improved contracting. "With operating units across the country and Canada, collection and analysis of food purchase information and monitoring of food contract performance is a monumental effort," says Daly. "Instill provides us with insight into cost savings opportunities and our units' compliance with order guides. By implementing the savings opportunities identified through the Purchase Insight solution we were able to maintain stable food costs." "Centerplate demonstrates how innovative food service management companies and restaurant operators minimize the impact of food cost inflation by taking advantage of every saving opportunity. Careful analysis of food purchases and rigorous contract management are pillars of a successful purchasing organization," said Anthony Wilson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Instill Corporation. About Centerplate Centerplate is one of North America's leading providers of food, catering, merchandise, design and facility management services for sports, convention, and entertainment venues. With over 130 clients accounts and revenues exceeding $600 million, the company is based in Spartanburg, South Carolina Spartanburg is the largest city and the county seat of Spartanburg CountyGR6 in South Carolina, and is the second-largest city of the three primary cities in the Upstate region of South Carolina. . For more information visit www.centerplate.com. About Instill Corporation Instill Corporation is the premier provider of supply chain information and business intelligence solutions to restaurants, hospitality companies and foodservice manufacturers, including market leaders such as Centerplate, Applebee's International, International Dairy Queen Dairy Queen (also known as DQ) is an ice-cream shop and fast-food restaurant franchise based in the United States and founded in 1940. For many years the franchise's slogan was "We treat you right!" In recent years, it has been changed to "DQ something different. , Sodexho, SUBWAY(R) Restaurants' Independent Purchasing Cooperative purchasing cooperative, n a group of dental professionals pooling their financial resources to purchase large quantities of supplies and equipment for the purpose of obtaining a discount. , Yum! Brands' Unified Foodservice Purchasing Cooperative and AFC Enterprises AFC Enterprises NASDAQ: AFCE is the Atlanta-headquartered company that owns Popeye's Chicken & Biscuits. AFC Enterprises is a publicly-traded company. AFC was formerly the franchiser of Seattle's Best Coffee and Cinnabon. . Instill's solutions -- Purchase Insight(SM), Inventory Insight(SM), Procurement(SM), Quality Management(SM) and Sales Insight(SM) enable companies to measure, manage and improve supply chain processes that reduce costs and improve service quality. Instill is headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. and can be reached at (888) INSTILL or www.instill.com. |
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