Good Times Restaurants Inc. Chooses ArrowStream OnDemand Technology for its Multi-Brand Supply Chain Management Solution
Chicago, Ill. – June 28, 2018 – ArrowStream®, a foodservice supply chain technology innovator that combines market-leading software and industry data intelligence to improve supply chain performance, today announced that Good Times Restaurants Inc. (Good Times), operator of Good Times Burgers & Frozen Custard, a regional quick service restaurant chain focused on fresh, high quality, all natural products and Bad Daddy’s Burger Bar, a chain of full service, full bar restaurants specializing in chef driven burgers and salads with local craft microbrew beers, has joined the growing portfolio of restaurant operators that leverage ArrowStream OnDemand technology to support critical foodservice supply chain activities and optimize supply chain performance. In support of its multi-brand sourcing collaboration strategy, Good Times chose the suite of OnDemand technology services to help analyze supply chain data, find qualified suppliers and make quick supply chain decisions.
Good Times sought to automate what had historically been a heavy administrative burden of manual data input and spend analysis required to manage decisions across their multiple brands. With OnDemand they can focus personnel on eliminating price variance, reducing off-contract purchasing and reducing the risk of stock-outs, while continuously delivering supply chain savings across the company and enhancing shareholder value as operations grow. Given the organization’s expansion strategy, it was crucial to select an industry leader with proven expertise and results in multi-brand restaurant operations.
“Utilizing ArrowStream is a game-changer for our operations and performance,” said Nick Biegel, Director of Purchasing of Good Times. “When it comes to supply chain, it’s all about how quickly a company can take action. With ArrowStream’s guided analytics technology, we will transform our operations to identify supply chain disrupters across brands, gaining real-time insights and enabling us to become more strategic with our suppliers. I am extremely proud of the steps Good Times has taken over the past few years to optimize our supply chain performance. Now with ArrowStream, we have the preeminent technology as well as access to the industry and supplier sourcing expertise that will lead us into the future.”
ArrowStream delivers foodservice supply chain intelligence and analytics across every segment of the supply chain. OnDemand customers understand that centralized information is the key to running their businesses in today’s environment. OnDemand empowers companies like Good Times to strategically manage their supply chain by providing a single source of truth for a company’s procurement, distribution and marketing team’s data. With the recent acquisition by ArrowStream of ARA’s ChainBrain, Good Times will now also have access to a technology which enables a data-driven RFP solution with their suppliers.
“ArrowStream is always on the cutting edge of ‘what’s next’ in foodservice supply chain technology, and as a result, our customers drive unprecedented performance in their supply chains, no matter how complex,” said Jeff Dorr, Chief Customer Officer, ArrowStream. “We are really excited to have Good Times up and running so quickly and they are already seeing results. Within the first month of use they were able to identify and address price variances, immediately validating their decision to utilize OnDemand. We look forward to partnering with them to address other key savings drivers as we continue to innovate our solutions in the market With ChainBrain also now a part of our solution suite, we are helping our customers engage further upstream in the supply chain by changing what’s possible in supplier collaboration.”
About Good Times Restaurants Inc.
Good Times Restaurants Inc. is operator of 36 Good Times Burgers & Frozen Custard restaurants and 29 Bad Daddy’s Burger Bar restaurants, regional quick service restaurant chains serving high quality, unique menu offerings in each of their segments.
Good Times has been a public company since 1992 and is traded on Nasdaq Smallcap, ticker: GTIM. For more information on Good Times Restaurants Inc., please visit https://goodtimesburgers.com/company/
Headquartered in Chicago, IL, ArrowStream is the first company to develop innovative solutions that address both inbound logistics and supply chain management, optimizing powerful data to provide unprecedented levels of transparency, control and actionable insight. ArrowStream has been serving the foodservice industry for more than 18 years, combining proven supply chain expertise with data science and analytics to help clients rethink and optimize their supply chains. Industry leaders nationwide trust ArrowStream to proactively manage their supply chains, dealing with issues well in advance of the impact. For more information on ArrowStream, please visit https://www.arrowstream.com.