Panda Restaurant Group Renews Partnership with ArrowStream
Chicago, IL – November 10, 2015 – ArrowStream, Inc. (“ArrowStream”), a leading provider of Software-as-a-Service (SaaS) for supply chain organizations, announced today that Panda Restaurant Group Inc. (“Panda Restaurant Group”), the world leader in Asian dining experiences, has renewed its contract with ArrowStream, enabling Panda Restaurant Group to better manage food spend, inventory and inbound logistics across its brand portfolio of Panda Inn, Panda Express and Hibachi-San.
Panda Restaurant Group will continue its long-standing partnership with ArrowStream by utilizing OnDemand to offer an integrated, comprehensive supply chain data analytics solution for its supply chain team. In particular, Panda Restaurant Group relies upon centralized inventory visibility to mitigate stock outs and product shortages, and uses spend management guidance to help navigate significant growth in same-store sales and footprint expansion with new stores.
In addition to using OnDemand, Panda Restaurant Group will also continue utilizing ArrowStream’s Managed Services division to work with its logistics department to enhance freight performance. ArrowStream now manages a large portion of Panda Restaurant Group’s transportation spend and has accounted for a significant amount of gross savings.
“We are excited to continue our partnership with ArrowStream, because it is truly a win-win for both organizations,” said Rif Wiguna, VP of Supply Chain Management at Panda Restaurant Group. “ArrowStream has demonstrated a deep understanding of our business and our supply chain, and has considerably influenced our day-to-day operations with the OnDemand software solution and Managed Services. We look forward to continuing to achieve great results together in the future.”
OnDemand connects to disparate data sources to provide customers with the actionable intelligence needed for proactive decision-making related to contract management, distributor inventory and product and service quality matters. Supply chain teams are able to take immediate action on their most pressing challenges and respond quickly to opportunities.
ArrowStream’s Managed Services division mines distribution logistics data to find the most efficient ways to deliver inbound products and then manages carriers to execute to plan. Through operational excellence, patented technology, analytical expertise and carrier management, ArrowStream’s Managed Services division provides tremendous efficiencies and savings for its customers’ inbound logistics operations.
“Panda Restaurant Group was one of our first customers and has consistently served as a market leader in adopting cutting-edge supply chain technology,” said Frank Morgiewicz, Chief Executive Officer at ArrowStream. “We are thrilled to renew our comprehensive partnership and look forward to continuing to provide excellent value to Panda Restaurant Group.”
About Panda Restaurant Group
Founded in 1973, the privately-held Panda Restaurant Group is the world’s leader in Asian dining experiences with almost 1,800 locations. The successful chain of concepts includes Panda Express, Panda Inn and Hibachi-San. Panda Express is best known for its wide variety of original recipes including their famous Orange Chicken, Beijing Beef, SweetFire Chicken Breast, and Honey Walnut Shrimp. For more information, visit www.pandarg.com.
Senior Marketing Manager