Technomic to Introduce ''PIMS'' at IFDA Partners Executive Forum.CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- New 'Profit Improvement Management System' Delivers Significant Bottom Line Results Technomic, Inc., the leading foodservice The foodservice (or food service) industry (US English; catering industry in British English) encompasses those places, institutions, and companies responsible for any meal eaten away from home. industry expert and provider of continuous intelligence, performance analytics, and category management solutions announces the introduction of PIMS PIMS Pacific Institute for the Mathematical Sciences PIMS Penalty Minutes (hockey) PIMS Pakistan Institute of Medical Sciences PIMS Profit Impact of Market Strategy PIMS Project Information Management System , a unique foodservice distributor A foodservice distributor is a company that provides food and non-food products to restaurants, cafeterias, industrial caterers, and hospitals and nursing homes. A foodservice distributor functions as an intermediary between food manufacturers and the foodservice operator Profit Improvement Management System. PIMS enables a foodservice distributor to greatly enhance profits through the use of a powerful new financial metric. "PIMS is very significant in that it provides foodservice distributors layers of profit improvement opportunities. PIMS has the potential to drive a 50 basis point improvement to a distributor's bottom line during the first 12 to 18 months of implementation," states Bob Goldin, Technomic's Executive Vice President. PIMS focus is in the critical areas of Contract and Rebate rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges. Management, Category Management, Vendor Profitability Management, and Customer Profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue Management. PIMS enables distributors to easily and immediately identify operational inefficiencies to eliminate, competitive advantages to leverage, and customers to target for optimum growth opportunities. PIMS is powered by Trackmax, an industry leader and developer of Contract and Rebate Management Solutions, and Willard Bishop, a food industry leader providing activity based costing and category management solutions. Technomic, Trackmax Solutions and Willard Bishop formed a strategic alliance to create PIMS, which integrates three existing and effective industry solutions. For more information on PIMS, contact Bob Goldin at Technomic at 312-876-0004 extension 236, or at rgoldin@technomic.com. About Technomic, Inc. Technomic provides food and foodservice clients with the research, insights and strategic consulting support they need to enhance their business strategies, decisions and results. Its services include category and channel analyses, customer satisfaction studies, opportunity assessments, benchmarking programs and brand equity enhancement. Technomic offers clients proprietary management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects solutions and shared-cost, common-interest research. |
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