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Quality Supply Chain Co-op Beefs Up E-Sourcing Strategy for Wendy’s with SciQuest
|By Business Wire
|June 30, 2014 08:05 AM EDT
Inc. (NASDAQ: SQI), a leading provider of cloud-based business
automation solutions for spend management, today announced that Quality
Supply Chain Co-op, Inc.SM (QSCC), the independent,
not-for-profit organization that oversees the supply chain for more than
6,100 Wendy’s® restaurants in North America, has expanded its
use of SciQuest’s Advanced Sourcing Optimizer (ASO).
A SciQuest customer since 2011, QSCC now uses SciQuest’s ASO to automate
the e-sourcing process for more than 30 percent of the company’s spend.
With its new commitment to SciQuest, QSCC expects to see that rise to
more than 60 percent.
QSCC is committed to conducting e-sourcing events that are innovative,
efficient, and produce value and cost savings, all of which are
deliverable with SciQuest’s ASO platform. Using SciQuest’s ASO, QSCC has
created a more organized, efficient and repeatable sourcing process,
driving significant bottom-line value to Wendy’s.
The solution was initially implemented to manage complex requests for
proposals (RFPs) for food products. After just a few months, QSCC
recognized the advanced capabilities of SciQuest’s ASO could help the
company drive benefits across many additional, less-complicated spend
categories throughout the Wendy’s supply chain. As a result, QSCC turned
to SciQuest to manage e-sourcing across categories including
ingredients, transportation and distribution services, disposables and
packaging, contract services, and kitchen equipment.
“The decision to trust SciQuest to support our e-sourcing process is one
of the better ones we’ve made,” said David Kourie, EVP of Purchasing at
QSCC. “The results, which we saw almost immediately, have been
remarkable. Most technology implementations start simply and grow
increasingly complex – but we turned to SciQuest first to manage the
most complex sourcing events in our supply chain. They’ve delivered at
every step of the way, to the benefit of Wendy’s and its franchise
SciQuest’s ASO enables QSCC to conduct sourcing events with an unlimited
number of items and bid elements, allowing the company to aggregate
spending across thousands of individual restaurants to generate
more-competitive bidding and reduce costs.
Additionally, SciQuest’s Expressive Bidding® approach, which allows
users to engage in a creative and collaborative bidding process, enables
suppliers to provide more strategic and competitive bids. The ability to
collect and evaluate each supplier’s capacity to meet demand across the
supply chain has allowed QSCC to ensure supply chain continuity.
QSCC continues to look for ways to improve the e-sourcing process by
developing better, more- efficient sourcing events and by leveraging
components and enhancements of the ASO platform. QSCC is expanding its
use of the ASO platform into categories such as building materials,
restaurant equipment, and contract services.
With the ability of SciQuest’s ASO to create complex cost models, QSCC
is exploring a new approach to currency exchange rates within its North
American sourcing events. QSCC is also exploring ways to harness the
platform’s capabilities in ways not directly related to e-sourcing. One
approach is to use the RFI capabilities of the platform to collect
information and data from its stakeholders.
“Given the size, scale and complexity of Wendy’s supply chain and the
company’s unwavering commitment to quality, they need the best tools in
the industry to ensure that their supply chain supports their high
standards,” said Stephen Wiehe, president and CEO of SciQuest. “We are
excited to expand our partnership with this iconic American institution.”
SciQuest (NASDAQ:SQI) is the largest publicly held pure-play provider of
cloud-based business automation solutions for spend management –
offering deep domain knowledge and a leading, customer-driven portfolio.
SciQuest solutions enable greater visibility and compliance
organization-wide to help you gain control, optimize efficiencies and
reduce spend. These cloud-based solutions are easier to implement and
proven to deliver measurable, sustainable value with SciQuest’s
high-touch support, analysis and automation. Learn more about our
solutions and how we can help your organization turn spending into
savings at www.sciquest.com.
To join the conversation, please visit our blog, The
Open Kitchen at http://www.sciquest.com/blog
– or follow us on Twitter @SciQuest.
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts
are forward-looking statements. All forward-looking statements in this
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are not
guarantees of future performance and involve known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any future
results, performances or achievements expressed or implied by the
forward-looking statements. Certain of these risks are discussed in
“Part I, Item 1A, Risk Factors” and elsewhere in SciQuest’s most recent
Annual Report on Form 10-K and other reports, as filed with the United
States Securities and Exchange Commission (“SEC”). The company’s SEC
reports are available free of charge on the SEC's website at http://www.sec.gov
or on the company’s website at www.sciquest.com.
These forward-looking statements speak only as of the date hereof, and
SciQuest undertakes no obligation to update, amend or clarify any
forward-looking statement for any reason. Given these risks and
uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results.
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