SOURCE: Intesource, a PROACTIS Company

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October 27, 2016 10:30 ET

Weis Markets Drives Procurement Efficiency with PROACTIS Managed Sourcing Services

Regional food retailer automates and streamlines purchasing processes through managed sourcing partnership

PHOENIX, AZ --(Marketwired - October 27, 2016) - Weis Markets, a mid-Atlantic food retailer operating 166 stores across Pennsylvania, Maryland, New Jersey, New York and West Virginia, is working with PROACTIS, a global Spend Control and eProcurement solution provider, to build efficiencies and foster innovation across the entire purchasing process and automate manual, time-consuming procurement initiatives.

"Collecting, communicating and checking pricing information for items like fuel and tobacco can be a cumbersome task for procurement teams, especially when you consider this is only one area of our team's responsibilities," said Eric Erickson, Weis Markets' Director of Purchasing. "PROACTIS helped us develop a system for streamlining this process and partners with our buyers to run sourcing events so we can re-allocate critical staffing resources to other key areas of our business."

A PROACTIS customer since 2008, Weis Markets has built a procurement program that makes their internal team more efficient and effective. By being able to communicate sourcing and pricing information for thousands of universal product codes (UPCs) quickly and across a variety of locations through the PROACTIS platform, Weis Markets can automate tasks that once required several staff members to dedicate multiple hours each day. This process has saved the team hundreds of hours a year.

Weis Markets' holistic approach to sourcing has also contributed significant financial value for the company, including 68 percent savings on background checks, 76 percent savings on frozen egg yolks, 46 percent savings on wood pellets and 40 percent savings on baby wipes.

"eSourcing isn't just about getting the best deal anymore. It's about generating new value for your business," said Brian Miller, vice president of managed services at PROACTIS. "By adopting a managed sourcing approach that saves valuable time and frees up staff to focus on strategic initiatives, procurement teams are able to drive double-digit savings that directly impact the overall direction and growth of the organization."

About PROACTIS
PROACTIS is a global Spend Control and eProcurement solution provider. Over 800 organisations across 90 countries use PROACTIS software and services to transform their procurement, purchase-to-pay and accounts payable processes to deliver greater bottom-line value.

  • PROACTIS Solutions for Finance enable organisations to streamline the purchase-to-pay process, eliminate labour-intensive manual registration of invoices, speed up invoice matching and approvals, and gain control of "after-the-event" purchase claims.
  • PROACTIS Solutions for Procurement help organisations to automate the full buying cycle from improving the way they find, evaluate and engage suppliers to increasing "on-contract" spending and enabling more effective collaboration with their trading network.

Widely used in mid-to-large sized organisations across private, public and not-for-profit sectors, PROACTIS is routinely integrated with existing ERP and financial systems.

PROACTIS was founded in 1996 and floated on the London Stock Exchange in 2006 (AIM: PHD). Headquartered in the UK with operations in North America, Benelux and Asia Pacific, PROACTIS has an extensive accredited global partner network.

For further information, visit PROACTIS Managed Sourcing Solutions.

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