Insights Archives

Buyers Edge Platform Launches Back Office for Restaurant Management

WALTHAM, Mass., March 6, 2023 /PRNewswire/ — Buyers Edge Platform, the leading foodservice procurement platform with more than $35 billion in transactional volume, announced the launch of Buyers Edge Back Office, a one-stop-shop solution for restaurant operators to manage food costs and automate their back-office operations. The restaurant segment is specialized and needs back-office software that is built specifically for them. Historically, legacy back-office solutions have not been very user friendly or built with the operator in mind. The need for data-driven technology solutions that help restaurants cut food costs, increase operational effectiveness, and ultimately increase profits has grown as a result of the current economic conditions in the hospitality sector. While operators invested in numerous solutions to gain visibility into their purchasing habits during Covid, restaurants are ready to minimize that tech stack. The majority of restaurants are searching for a solution that is designed to address the specific revenue, cost of goods, and labor

Maximize Profitability & Streamline Spend Management with Technology

Foodservice spend management isn’t just about tracking expenses—it’s about strategically optimizing every dollar spent to fuel profitability without compromising quality. In a highly competitive industry where margins are razor-thin, operators face increasing food costs, labor shortages, and rising overhead expenses. The key to thriving in this environment lies in mastering spend management. With 47% of operators expecting technology to play a larger role in addressing labor challenges this year, implementing a robust spend management system is more crucial than ever. By leveraging advanced technology and data-driven insights, foodservice businesses can unlock opportunities to streamline processes, optimize spending, and gain a clear competitive edge. The Importance of Spend Management in Foodservice Successful spend management encompasses more than just cost control; it’s about implementing a comprehensive strategy that aligns with business goals. Whether it’s managing vendor contracts, tracking inventory, or analyzing menu profitability, having full visibility into your spending patterns

2023 – The Year of Streamlining Foodservice Procurement

Gone are the days of your foodservice procurement department manually managing the purchasing process. It’s not surprising that the use of technology has exploded throughout the foodservice industry. All segments, departments, and operations industry wide are starting to see the value of adopting foodservice procurement technology and embracing tools necessary to maintain and expand their businesses. We often underappreciate how adaptive and resilient the foodservice industry has had to become. Through much uncertainty the last few years, operators are paving the way to success by pivoting to a more streamlined way operating and identifying the importance of value-added technology solutions. If you haven’t already done so, it’s time to unlock a world of efficiency, optimization, and transparency throughout the supply chain with the help of foodservice procurement technology. Foodservice procurement technology is no longer a “nice to have”. Now, it’s a “must have”. Complete transparency and visibility into your procurement

How Technology Is Reshaping the Restaurant Industry

The restaurant industry has not always been quick to adopt new technologies. The adoption of technology is set to continue to increase in the coming years. From point-of-sale systems to supply chain transparency, technology is transforming the way foodservice operators do business and interact with their customers. Let’s explore some of the ways technology is reshaping the restaurant industry and what this means for the future: One of the most significant changes brought about by technology is the rise of online ordering and delivery platforms. These third-party platforms, such as Grubhub, DoorDash, and UberEats, have made it easier for customers to order food from their favorite restaurants without ever having to leave their homes. This has been a game-changer for the restaurant industry, as it allows restaurants to reach a wider customer base and generates additional revenue streams. Another way in which technology is reshaping the restaurant industry is through

Disruption is the New Villain, Visibility is the New Hero

Like Batman needs Robin, the supply chain needs technology. Traditional supply chain management has been known to be rigid and time consuming, with foodservice stakeholders manually navigating the many touchpoints of the complex ecosystem. With supply chain disruption occurring more often, the industry has been forced to pivot to meet constant price fluctuations, changes in customer demand, and product shortages – forcing them to act more quickly and with less time to plan. Without the ability to see things such as operator ordering habits, supplier shortages, or distributor metrics, it’s impossible to build supply chain and operational efficiency. But how can the different stakeholders move more rapidly when the supply chain process is known to be slow and unpredictable? The answer is with transparency. Whenever a stakeholder makes a movement in the supply chain process, data is generated. Think about it, every purchase an operator makes produces different data points

Benefits of Foodservice Operator Partnering with Buyers Edge Platform

3 Benefits of Joining Buyers Edge Platform Foodservice success hinges on a complex interplay of factors such as sourcing quality ingredients, optimizing costs, enhancing efficiency, and staying ahead of ever-evolving industry trends. One indispensable ally that can help foodservice operators thrive is Buyers Edge Platform. From sourcing ingredients to managing costs, the challenges that foodservice operators experience daily can seem overwhelming. Partnering with Buyers Edge Platform comes with undeniable benefits that can be the catalyst for your success. At Buyers Edge Platform, we’re more than just a group purchasing organization; we are your strategic partner, committed to helping you achieve operational excellence and financial success. In this blog, we’ll explore five key benefits of partnering with Buyers Edge Platform – benefits that can not only transform your bottom line but also provide a solid foundation for growth and innovation. 1) Cost Savings Beyond Compare In an industry where

Buyers Edge Platform Acquires ArrowStream, a Leading SaaS Provider

Adds the fastest growing foodservice supply chain management software provider with a $35 billion network to drive further efficiency, collaboration, and transparency. WALTHAM, Mass., Aug. 3, 2022 /PRNewswire/ – Buyers Edge Platform (“Buyers Edge”), a leading digital procurement platform with more than $20 billion in total foodservice spend under management, today announced the acquisition of ArrowStream, a leading provider of supply chain management Software-as-a-Service (“SaaS”) to the foodservice industry. Emerging from what has been one of the most challenging periods in foodservice history, distributors, suppliers, and operators are facing inflation, commodity shortages, climate change concerns, shifting consumer demand, and production delays. This backdrop has increased the need for data-driven technology solutions that can ease the pain, lower food costs, and improve margins. ArrowStream’s powerful software enables clients to proactively capitalize on data to improve their supply chain operations. ArrowStream’s software addresses mission-critical challenges in brand protection, supply monitoring, profitability optimization, and sales growth enablement across the foodservice

Restaurant Automation: How Technology Can Improve Operations

Running a successful restaurant takes more than serving great food; it requires efficient systems, smart decision-making, and the ability to adapt quickly in a fast-moving industry. As labor challenges, rising costs, and increasing guest expectations continue to put pressure on operators, restaurant automation has become an essential tool for improving day-to-day operations. From simplifying back-of-house processes to creating a smoother front-of-house experience, technology can help restaurants work smarter, reduce manual tasks, and uncover opportunities to save both time and money. Why Restaurant Automation is Important? In a world of technological marvels such as automated virtual assistants, self-driving vehicles, and drone delivery, why would anyone want to manually run their restaurant the old fashioned way? If you haven’t already, it’s time to adapt to a more digital world and take what once were manual processes and turn them into a more streamlined way of operating. There are many different areas of

From Source1: 5 Hotel Trends to Watch for in 2022

2022 is just a few short weeks away and it’s likely there will be an increase in travel in the coming new year, whether it’s for business or leisure. As challenges continue to grow within the supply chain and labor shortages are at an all-time high, it’s important to take advantage of solutions that will help you run a profitable hotel operation. Let’s take a look at 5 hotel trends you should watch for in 2022: Partnering With Supply Chain Experts One trend to adopt in the coming new year is to partner with Supply Chain Management experts, such as Source1. With the unpredictable state of the supply chain, hotel operators are having trouble procuring the necessary supplies to keep their operation up and running – including food and beverage products By leveraging supply chain management experts, you can reduce costs, optimize your purchasing, and ensure you’re getting high-quality products at

From Consolidated Concepts: How to Run an Efficient Restaurant During a Labor Shortage

To run a restaurant operation during the current labor shortage is one thing. Running an efficient one is another. With the continuation of the pandemic and no relief in sight, especially before the holidays, restaurant operators are seeking alternatives to what was once known to them as their traditional, every-day way of running their operation. There’s no doubt that times are changing, and everyone is doing their part to keep up. These changes are fairly easy to make and will not only help you run a more efficient business, but will also put money back in your pocket. Let’s take a look at three different ways Consolidated Concepts experts say you can run an efficient restaurant during the current labor shortage: Technology Can Streamline Processes Technology has played a massive role in restaurant operators lives, especially since the beginning of the pandemic. From QR code menus and mobile ordering to inventory management, there’s nothing technology can’t do to help streamline your operation. One way we encourage restaurant operators to

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