Giant Food Stores Increases Promotion Contract Efficiency With TradePoint Solutions
Posted on: Tuesday, 8 August 2006, 09:00 CDT
TradePoint Solutions is pleased to announce that Giant Food Stores, an operating division of Ahold USA, is relying on TradePoint, the industry leading online promotional allowance solution, to negotiate and track their promotion-related deals. TradePoint has enabled Giant Food Stores to increase operational efficiency and lower processing costs throughout their deal management business process.
Both vendors and the Giant Food Stores merchandising team have real time, online access to promotion information resulting in better collaboration and faster promotional negotiations. By replacing their current paper process with this online business application, both sides see significant improvements.
"TradePoint Solutions enable us to more quickly coordinate our promotions and efficiently negotiate allowances across all vendors," said Ron Domenick, Vice President of Merchandising Support, Giant Food Stores. "TradePoint has improved our workflow and provides us with the actionable information we need to manage our promotional process."
Dan Shinner, Kraft Foods Senior Customer Business Manager for Giant commented, "We've recognized significant time savings and increased accuracy coming from this program. TradePoint will allow more time for both Business Managers and Category Managers to collaborate and drive more effective promotions. We are pleased to have worked with Giant during their pilot and now the rollout of this important initiative."
"TradePoint Solutions is delighted to provide Giant Food Stores with our collaborative promotional allowance solution," said Michael Frandsen, CEO of TradePoint Solutions. "Giant Food Stores is a great addition to our growing community of grocery retail clients."
Production implementation and training began in June 2006 and Giant Food Stores plans to have all vendors negotiating promotional offers online by December 2006.
About Giant Food Stores
Giant Food Stores, LLC, headquartered in Carlisle, PA is one of four retail-operating companies under Ahold USA, one of the leading supermarket operations in the US. Giant currently operates 103 stores as Giant Food Stores, 119 stores as Tops Markets and 25 stores as Martin's Food Markets. With nearly 40,000 associates Giant serves a six state market area. For more information about Giant Food Stores, visit the company's website at www.GiantFoodStores.com.
About TradePoint Solutions
TradePoint Solutions is the leading provider of web-based services that simplify the presentation, negotiation, and reconciliation of promotion allowances. Over one thousand companies use the TradePoint Solutions network to present, negotiate, and reconcile trade promotions. Headquartered in Pleasanton, California, TradePoint can be contacted at 925-460-0501 or at www.tradepointsolutions.com.
Source: Business Wire
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