The next generation of Spend Insights brings premium analytics and insights to foodservice operators. The solution surfaces trends, anomalies, and actionable intelligence to make informed business decisions faster than before. The new solution acquires, standardizes, and validates the data across disparate distributor and manufacturer relationships, giving foodservice operators complete supply chain visibility to uncover opportunities for rebate, pricing, and contracting decisions.
This release comes complete with an advanced, fresh user interface and performance improvements. Reports that previously took 9 minutes to run now take 15 seconds, saving operators time and enabling them to receive accurate, actionable data even faster and more reliably. Using the next generation Spend Insights solution operators can expect to see:
- 2-3% collection of pricing overcharges on contracted spend
- 15-20% rebate improvement from more compliant purchasing
- 10-15% improvement in new contracting opportunities
The iTradeNetwork Data Pool is fully compliant with GS1 standards and can interoperate with any other GS1 GDSN-certified data pool or solution provider worldwide.
