Integrated Traceability Technology Helps Monitor Food Safety Concerns
PLEASANTON, Calif.--(BUSINESS WIRE)--iTradeNetwork™ Inc. (ITN), the leading global provider of on-demand supply chain management and intelligence solutions to the retail, hospitality and foodservice industries, announced today that Save-a-Lot has selected its collaborative Order Management and Transportation Optimization solutions to help procure fresh products such as produce, flowers and meat more efficiently and cost effectively. A subsidiary of SUPERVALU, Save-a-Lot operates nearly 1,200 value-oriented stores in urban, rural and suburban neighborhoods, serving more than four million shoppers each week.
As the leading Software-as-a-Service (SaaS) provider for the food industry, iTradeNetwork enables retailers to aggregate demand, improve order accuracy, price accuracy, and invoice match rates with their trading partners through a collaborative order-to-invoice solution leveraging a synchronized data foundation. Only with ITN can buyers, suppliers and carriers work together seamlessly to reduce the total cost of purchasing, transportation, distribution and spoilage while supporting traceability requirements.
“Now more than ever consumers are looking for value without sacrificing quality. To address that goal, retailers must increase efficiency and remove the challenges typically associated with procuring fresh products,” said Robert Bonavito, CEO of ITN. “In addition, given recent food safety concerns in the industry, the supply chain must be as transparent as possible.”
ITN provides retailers such as Save-a-Lot a single point of integration to their trading partners and offers real-time collaboration and control over complete sourcing, procurement, transportation, logistics and traceability processes. In addition, ITN’s solutions allow multi-branded retailers to aggregate their buying power so they can offer their customers the best possible prices.
“ITN strongly supports the Save-a-Lot brand and mission of low costs and providing only the safest quality foods to consumers,” said Mr. Bonavito.
“By helping Save-a-Lot link their data, systems, business processes and trading partners together into an integrated supply chain solution, they now have increased visibility and accountability in their supply chains.”
Save-A-Lot Food Stores, the nation's leading extreme value, edited assortment grocery chain and the nation's fifth largest grocery banner, operates more than 1,150 value-oriented stores in all types of neighborhoods: urban, rural and suburban, and delivers up to 40 percent of savings compared to conventional grocery stores. Save-A-Lot is a wholly owned subsidiary of SUPERVALU INC. (NYSE: SVU), a Fortune 100 company and one of the largest companies in the U.S. grocery channel. For more information and a list of store locations, visit www.save-a-lot.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 the industry’s 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.
© 2009 iTradeNetwork, Inc. All rights reserved. iTradeNetwork and the iTradeNetwork logo design are trademarks of iTradeNetwork, Inc. in the United States and/or other countries. All other trademarks and registered trademarks are property of their respective holders.
Save-a-Lot Improves Visibility and Control of Merchandising, Procurement and Transportation Through Partnership With iTradeNetwork