Nathan's Famous Driving Savings With Instill; Instill Food Spend Management Identifies Savings Equal to 1.2% of Purchases.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 technology solutions and services for the foodservice industry, today announced that Nathan's Famous Nathan's Famous is a chain of U.S.-based fast food restaurants specializing in hot dogs. The original Nathan's stands at the corner of Surf and Stillwell Avenues in the Coney Island neighborhood of the New York City borough of Brooklyn. drove savings through Instill equal to 1.2% of system wide purchases -- savings that contributed to Nathan's recent success. "We turned to Instill Corporation to provide a solution that would help us ensure we captured the full value of our negotiated contracts, and allow us to work as efficiently as possible," said Nancy Murphy, Nathan's Famous Vice President of Purchasing. "We chose to work with Instill because they have a track record delivering savings to their customers." Leading foodservice operators leverage Instill's supply chain information services See Information Systems. in combination with a powerful, intuitive suite of applications to improve decision making through better visibility and control of their supply chain. Instill's Food Spend Management solution allows operators to automate and improve the order to pay process with distributors, eliminating time consuming and error-prone, paper-based processes. Working with Instill, purchasing professionals can ensure they capture the full value of their negotiated contracts -- easily monitoring and enforcing unit compliance with order guides while identifying contract price variances, purchases eligible for rebate, potential 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 other cost savings opportunities. "Before implementing the Instill solution, much of our time was spent in inefficient manual processes; running fire drills, tracking and gathering information, but not really putting that data to work for us," added Murphy. "We're now more effective with our time, more proactive in our approach, and are more strategic with new product development. Instill has allowed us to reach important purchasing milestones and has played an important role in Nathan's growth." "Our solutions have direct impact on the operational and financial performance of our clients," 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. "The purchasing success of Nathan's Famous proves the sustained long-term value of Instill's solutions -- I am very pleased that our solutions have paid for themselves many times over," he added. Instill offers a comprehensive, integrated suite of solutions for foodservice operators that includes Procurement, Food Spend Management, Promotion and Inventory Management, Quality and Compliance, and Product and Supplier Master Data Management. About Nathan's Famous Nathan's Famous, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NATH) operates a chain of retail fast food restaurants. As of June 26, 2005, Nathan's products were distributed in 46 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and 13 foreign countries through its restaurant system, Branded Product Program and retail licensing activities. The Nathan's restaurant system consists of 363 franchised or licensed units and six company-owned units featuring the Nathan's, Miami Subs and Kenny Rogers Roasters Kenny Rogers Roasters is a chicken restaurant that was started in 1991 in the United States by country music musician Kenny Rogers and former Kentucky Fried Chicken owner and original developer John Y. Brown, Jr. The menu was originally centered on wood-fired rotisserie chicken. brands. For additional information about Nathan's, Kenny Rogers Roasters or Miami Subs, please visit www.nathansfamous.com. About Instill Corporation Information to Understand Your Business For more than a decade, Instill has been helping customers build enterprise value by applying innovative technology and industry expertise to address the unique challenges facing foodservice companies. Instill is the only technology company focused exclusively on the foodservice industry, providing a proven, comprehensive set of solutions for leading companies such as Nathan's Famous, Hardee's, Applebee's International, International Dairy Queen, Sodexho, Yum! Brands' Unified Foodservice 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. , Centerplate and AFC Enterprises. They all leverage Instill's solutions -- a unique combination of supply chain information services and analytic applications -- to reduce costs, control risks, and grow revenues. 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 1-888-Instill or at www.instill.com. (C) Instill Corporation 2005. All rights reserved. Instill, the Instill logo and Instill Trade Spend Management are registered or unregistered trademarks or service marks of Instill Corporation. |
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