SOURCE: iTradeNetwork, Inc

iTradeNetwork, Inc

June 19, 2014 09:00 ET

iTradeNetwork, Inc. Introduces Cost-Effective Online Collaboration Platform for Foodservice Supply Chains

iTradeNetwork's Web-Based Transaction Module Enables Restaurant Chain Operators and Facility Management Services Providers to Address the Last Mile of Online Collaboration With Their Suppliers

PLEASANTON, CA--(Marketwired - Jun 19, 2014) - iTradeNetwork today announced a new supply chain solution, Web-Based Transaction Module (WBTM) for its Branded Procurement solution that provides a cost effective online collaboration platform. The module has been specifically designed by for food and beverage suppliers without electronically enabled back office transactional systems. WBTM integrates seamlessly with iTradeNetwork's popular Branded Procurement solution, used by major restaurant chain operators, facility management services providers and distributors, to streamline and simplify the order process across their global locations.

"WBTM represents an opportunity for supply chain and facility management services providers to conduct business with a numbers of our partners in a more collaborative fashion than previously possible," said Mike Barner, senior vice president of Field Systems Solutions at Compass Group, North America. "For our customers and suppliers, this means a streamlined ordering process, fewer errors and ultimately a better overall experience. It also means that we are able to analyze spending habits across a broader set of trading partners, which will allow us to make better decisions moving forward."

"WBTM is the direct result of feedback from foodservice customers needing a cost effective and easy-to-use online collaboration solution for their suppliers," said Joe Bergera, group vice president of Roper Industries, Inc. and president of iTradeNetwork, a Roper subsidiary. "Up to 20% of all suppliers to chain operators and facility management services providers still require that orders are placed manually via phone, fax or email either because they don't have sophisticated back office systems or lack the technical expertise to integrate their systems with customers. WBTM represents an ideal solution for these organizations and helps chain operators address the last mile of online collaboration."

For suppliers, WBTM provides an easy-to-use web interface that allows suppliers to share product information, order guides and up-to-date price lists, accept and confirm purchase orders, issue invoices and maintain an effective audit trail for all transactions. The online collaborative nature of WBTM results in massive productivity gains for supplier customer service staffs, improved order accuracy and consistency, improved business visibility and a much improved audit trail for customer transactions.

For foodservice operators, WBTM provides an effective means of achieving online collaboration with a broader set of trading partners. This results in better overall visibility to spend across all units; productivity gains at the local, regional and national level; improved order accuracy and consistency and better control of leakage and off contract purchasing activities.

WBTM for Branded Procurement is generally available starting June 16th, 2014. For more information, visit http://itradenetwork.com/solutions/wbtm.

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 Industries, Inc., a Standard and Poor's S&P 500 index company.

About iTradeNetwork Branded Procurement
Branded Procurement is an online ordering solution that enables restaurant chain operators, distributors and facility management services providers to provide a simple and customized ordering process to their customers. The solution features a wide range of modules including catalog and order guide support, product changes and substitution recommendations, product promotions, multi-account shopping carts, split orders, budget and order approval workflows and many others. Branded Procurement allows operators to deliver an exceptional customer experience that drives additional revenue and reduces procurement costs.

© 2014 iTradeNetwork, Inc. All rights reserved. iTradeNetwork and the iTradeNetwork logo design are either trademarks or registered trademarks of iTradeNetwork, Inc. in the United States and/or other countries. All other trademarks and registered trademarks are property of their respective holders.

Contact Information

  • For more information, contact
    Neal Reese
    925-660-1100