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Topco Associates LLC, a private label purchasing consortium serving food retailers and wholesalers, is deploying a new sourcing solution to increase and accelerate the savings it delivers to retailers.
As part of its mission to create competitive advantage for its member-owners, Topco will implement a comprehensive range of Sunnyvale, Calif.-based Ariba’s spend management solutions through TopSource, LLC.
TopSource LLC is Topco’s strategic not-for-resale sourcing arm whose main purpose is to help companies lower costs on a wide range of goods and services, including corporate and national brands, perishables, equipment, supplies, and business services.
“Rising costs for ingredients and transportation as well as cutbacks in consumer spending have combined to create one of the most difficult environments for food retailers and wholesalers in recent history,” said Chuck Wright, director, sourcing, at TopSource. “At TopSource, we strive to help our members overcome these barriers by applying innovative technologies and processes to lower costs and improve the efficiency of their supply chains.”
TopSource will use a combination of Ariba Sourcing On-Demand, Ariba Contract Management and Ariba Supplier Performance Management. Ariba Sourcing was developed to enhance the ability to negotiate for goods and services and drive bottom-line savings. Leveraging Ariba Contract Management, TopSource can manage and drive compliance with agreements. And through Ariba Supplier Performance Management, TopSource can discover, assess and on-board new supplier partners, with the ability to continuously measure and improve supplier performance.
Skokie, Ill.-based Topco is a $9.9 billion, privately held company that provides business solutions for its food industry member-owners and customers.