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TORONTO - Loblaw Cos., Ltd., based here, has selected Livermore, Calif.-based iTradeNetwork as the supply chain management solution provider for its fresh products sourcing.
Domenic Raso, v.p. of Loblaw said, "Working with ITN is consistent with our commitment to improve the landscape of our support services. We continue to take a number of steps to ensure that our procurement and information technology functions will support the continued growth of our business. We strive to continue to improve our vendor partnerships and sourcing practices, and ITN will play a major role in this area. The ITN solution is the most flexible, proven mature product available and has a successful track record with retailers and suppliers. Our analysis supports a significant operating margin improvement opportunity over the next year using the ITN solution."
"Loblaw is one of the most respected companies in North America, and we are honored to be selected as part of their corporate strategy of gaining efficiencies while focused on continuously improving the customer experience," said Robert Bonavito, c.e.o. of iTradeNetwork. "ITN has worked hard to deploy our solution in the retail and foodservice industry and to be recognized as the leading solution for the food industry."