OPTIMBUY Selects iTradeNetwork as Preferred Provider of Spend Management Solutions
PLEASANTON, CA. – September 10th, 2009
iTradeNetwork (ITN), the leading global provider of on-demand supply chain management and intelligence solutions to the food industry, today announced the signing of a multi-year contract with OPTIMBUY as their preferred technology provider. As a consultant to the food service, retail and services industries, OPTIMBUY will leverage ITN's Spend Management solution to execute their vision of optimizing their clients' purchasing power.
"OPTIMBUY partners have over 60 years of combined experience in strategic sourcing and spend optimization and we needed a tool that provided us the timely, accurate visibility into our client's purchases so we could identify opportunities and negotiate new contracts on their behalf," said Chris Rochette, CEO of OPTIMBUY. "With ITN’s Spend Management solution we have the information we need to accelerate the savings and cost reductions for our clients while maintaining quality and service levels."
"Having used ITN's solutions at a previous company, we know first hand of the success and are confident that ITN will help us create immediate value for our customers," commented Bernard Royer, COO of OPTIMBUY.
ITN's Spend Management solution will automate the collection and standardization of OPTIMBUY’s client's unit purchase information from distributors. Using Spend Management’s guided analytics, OPTIMBUY will also identify SKU and manufacturer optimization opportunities and compliance problems while also helping to uncover new saving opportunities for OPTIMBUY’s clients.
"It validates the value we deliver with our supply chain management and intelligence solutions when our customers seek out ITN even when they move on to new companies," said Rob Bonavito, CEO of iTradeNetwork. "We are confident that OPTIMBUY’s clients will realize the value from OPTIMBUY's experience in supply chain consulting and ITN's experience delivering technology solutions that fuel these strategic initiatives."
About OPTIMBUY
OPTIMBUY is a leading supply chain management consulting firm servicing the food service and hospitality industries. OPTIMBUY's clients run the full range from emerging growth companies to industry leaders. OPTIMBUY's team of supply chain industry veterans, use their experience and complete understanding of the markets to analyze their clients’ positions and negotiate “best in class" agreements with supply chain partners. As a result OPTIMBUY customers experience sharply increased returns from the enhanced management of their supply chains. OPTIMBUY has negotiated more than $200 Million in new suppliers' contracts in the past 6 months saving clients an average of more than 6% and "OPTIMBUY makes money ONLY when you save money". To find out what OPTIMBUY can do for your company go to www.OPTIMBUY.com
About iTradeNetwork, Inc.:
iTradeNetwork, Inc. is the leading global provider of on-demand supply chain management and intelligence solutions to the retail, hospitality and foodservice industries. Built upon deep industry expertise, a rich data foundation and our industries' most extensive trading partner network, ITN's collaborative solutions allow distributors, manufacturers, operators retailers, suppliers and wholesalers of all sizes to reduce cost, grow revenue and strengthen trading partner relationships. Today, ITN's growing customer list includes over 5,500 global companies. For more information, visit: www.itradenetwork.com
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