SOURCE: iTradeNetwork, Inc.

iTradeNetwork, Inc.

September 29, 2015 09:00 ET

Five Guys Burgers and Fries Selects iTradeNetwork Solutions to Proactively Manage Spend, Inventory and Contracts

SaaS Provider Adds Growth Stage Customers at Record Pace, Sees Demand for Comprehensive Solutions Designed to Enhance Operator Supply Chain Visibility and Control

DUBLIN, CA--(Marketwired - September 29, 2015) - iTradeNetwork, the global leader in end-to-end supply chain solutions for the food and beverage industry, today announced that Five Guys, the franchise well known for its fresh, customized burgers and hand-cut fries, has selected its Spend Management, Operatory Inventory and Contract Management Solutions to enhance visibility and control of their supply chain across 1,000 restaurant locations nationwide.

Five Guys sought a single provider with solutions that span the entire supply chain to meet their needs for fueling their rapid growth. With 1,500 units currently under development, finding the right solutions provider for control of product and pricing compliance (Spend Management); visibility of on-hand inventory and outstanding purchase orders in their distribution network (Operator Inventory); and a repository for information on trading partners, products, and contract pricing (Contract Management Solution) was important for Five Guys to gain an end-to-end view across their supply chain. With an international presence, iTrade was positioned to offer the right solutions and necessary level of support.

"With our rapid company growth and positive changes in our supply chain, we need a technology partner who can help us continue to support our growth, both in the US and internationally," said Carl Napiwocki, Vice President of Global Supply Chain at Five Guys. "As we reviewed providers in the industry, it became clear to us that iTrade had both the technology and the industry understanding to benefit our franchisees and our company. Selecting iTrade as our supply chain partner was absolutely the right decision."

iTrade's Spend Management will provide Five Guys with real-time visibility into what stores are purchasing and flexibility in how it can analyze spend. Operator Inventory will help them eliminate stock-outs and to realize the full profitability of each LTO and promotion. And, a Contract Management Solution will reduce the time Five Guys currently spends on manual processes and trading partner communications to not only improve contract pricing compliance, but to streamline overall operations.

"It's exciting to have such a well-known and growing brand select iTrade as a supply chain solution partner," said Mark Gordon, Senior Vice President of Sales and Marketing at iTradeNetwork. "We're unique in our ability to provide multiple solutions packaged into the right offering for each customer's unique growth path. The visibility our solutions provide help restaurant operators, such as Five Guys see what is happening across their supply chain. Five Guys is another example of a great partnership with a growing company and we're happy to help them succeed."

About Five Guys
Five Guys is a family owned and operated franchise restaurant group that focuses on serving high quality burgers and fries in a clean, no frills atmosphere. Five Guys was established in 1986 in Arlington, VA. In 2003, Five Guys opened its first franchised location and with the help of loyal franchisees, Five Guys has expanded from five to over 1200 locations in North America, the United Kingdom and now the Middle East. ZAGAT Survey said "there are no better burgers "and Five Guys continues to be Zagat rated and voted "Best Burger" in publications across the US. For more information, visit www.fiveguys.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 an extensive trading partner network, iTradeNetwork's collaborative solutions allow distributors, manufacturers, operators, retailers, suppliers and wholesalers of all sizes to reduce cost, grow revenue and strengthen trading partner relationships. iTradeNetwork is a unit of Roper Technologies, a Standard and Poor's S&P 500 index company.

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