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Food Insights successfully designed
and now manages the new John Q. Hammons centralized
procurement process for our national purchasing
program. They have dramatically increased our
efficiency, saving our company more than $1 million
in procurement costs.
- Vito Palmietto, Director of Food & Beverage
John Q. Hammons Hotels
Purchasing Insights takes the uncertainty out
of procurement management. Designed for multi-unit
operators, institutional organizations and other
cooperative groups, the program assists organizations
in the transition from a decentralized buying
format to a more powerful centralized purchasing
position. Purchasing Insights standardizes, consolidates
and leverages buying power and measures performance
with comprehensive impact reports and supplier
performance monitoring. The Purchasing Insights
management team, with over 100 years of combined
experience, gives you a wealth of support to maximize
results in your business.
Standards-Based Purchasing Program, allows
you to incorporate a value analysis process, balance
cost savings and measure the total contribution
to the organization. Typically, clients save 4%
to 6% of their supply cost in addition to eliminating
erratic price swings, invoice creep, inconsistent
quality and product substitutions.
Auditing & Compliance, using a detailed
analysis process, Purchasing Insights compares
prices you pay suppliers against agreement terms.
A credit payment tracking system regularly monitors
all reimbursements. Quarterly evaluations of the
purchasing programs utilization, reviews of best
practice applications and partner service level
compliance measures are reported systematically.
Request for Proposal (RFP), used by both
public and private sectors, is the cornerstone
of competitive business practices. Purchasing
Insights provides you with a systematic approach
to maximize the results you receive from qualified
suppliers.
Supplier Service Performance is a measure
of your vendor's support against existing service
level agreements and/or industry benchmarks. Purchasing
Insights incorporates SatisTrack, an innovative
research technology that measures key service
attributes, and critical performance levels. By
collecting and analyzing service information,
you will have a much greater understanding of
the value and contribution that your suppliers
provide.
Market Intelligence program provides timely
and accurate pricing details and comparisons of
food and beverage products to help you make the
right decisions.
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