"ZERO TO ONE" APPROACH
A STATE OF THE ART TECHNOLOGY NEEDS A STATE OF THE ART PLATFORM
trade agreement life cycle
The Ultimate Foodspend Solutions VeriPerform Solution platform will provide a secure environment for trade agreement Buyers and Sellers. Among other features, the platform will provide a Trade Agreement Lab Application designed for foodservice operators to evaluate their current spend patterns and source trade agreements direct from the vendors. Unlike the current Group Purchasing Organization (GPO) model so prevalent in today's market, where operators are required to commit to the GPO’s vendor program portfolio, the Lab will match operators with available vendor trade agreements. In short, operators will be matched with other operator volume that share similar buying preferences and their combined volume will drive the agreement.
Operators should be able to maximize their spend volume based upon what they prefer to purchase, not what a third party determines they should purchase. Further, they should experience 100% of the available discount or allowance, not some portion of the savings gobbled up by a third party intermediary. VeriPerform provides that kind of opportunity.