SOURCE: Skyline Chili

iTradeNetwork, Inc.

November 09, 2009 08:02 ET

Sky Co-op to Leverage iTradeNetwork's Spend Management Solution to Increase Rebates for Skyline Chili

PLEASANTON, CA--(Marketwire - November 9, 2009) - iTradeNetwork™ Inc. (ITN), the leading global provider of on-demand supply chain management and intelligence solutions to the retail, foodservice and hospitality industries, today announced that Sky Co-op, the purchasing cooperative responsible for Skyline Chili, has selected the ITN Spend Management solution. The solution will provide Sky Co-op with greater visibility into their purchases and help them identify opportunities to increase their rebate programs.

"Our board of directors tasked us with increasing our rebate capture and purchasing opportunities. We knew that given our limited resources we needed a proven, reliable technology partner that could help us deliver the results," said Tom Hannon, President of Sky Co-op. "Using ITN's Spend Management solution we will be able to leverage a solution that has already helped leading foodservice operators increase their rebates, identify new contract opportunities and increase contract price compliance."

ITN's Spend Management solution is a Web-based, hosted solution that allows foodservice operators to ensure they are capturing the full value of their contracts by easily monitoring and enforcing unit purchasing compliance while identifying contract price variances, purchases eligible for rebates, SKU and manufacturer rationalization and other cost saving opportunities. Spend Management automates the collection, standardization and enrichment of unit-level invoice data from distributors, eliminating time consuming and error prone processes. The information is then presented in an intuitive application that allows foodservice professionals to "manage by exception," leveraging dashboard and alert capabilities that highlight exceptions and opportunities for additional cost savings.

"We are seeing increased interest in our Spend Management solution as companies look for ways to do more with fewer resources," said Rob Bonavito, CEO of iTradeNetwork. "Our solutions help companies like Sky Co-op leverage the same tools being used by industry leaders to maximize their purchasing power and we're excited to add Sky Co-op to our growing list of customers."

About Sky Co-op

Sky Co-op is a purchasing cooperative, which had been formed initially to focus on the purchase of the food and paper products and to expand its focus to other supplies, equipment and related services used by owners and operators of member organizations. The Co-op was initially formed in 2006 and currently serves all Franchise and Corporate Skyline Chili restaurants. The Co-op is currently signing up additional restaurant concepts as members to the organization. These concepts are not affiliated with the Skyline Chili system.

About Skyline Chili

In 1949, Nicholas Lambrinides began serving his delicious secret recipes to appreciative customers. Since then, Skyline Ways, Coneys and fast table-side service have been enjoyed by generations. Skyline Chili serves its Cincinnati-style chili in close to 140 restaurants and thousands of grocery stores, making it one of the truly unique regional taste sensations in America. Skyline is dedicated to bringing friends and families together for an experience like no other. Skyline Chili is synonymous with Cincinnati-style chili throughout the world. For further information, please visit www.skylinechili.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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Contact Information


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    Ann Walker
    iTradeNetwork, Inc.
    925-660-1067
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