Panda Restaurant Group, Inc. Renews Technology License with ArrowStream, Inc.
Benefits Derived from ArrowStream’s OnDemand Technology Paramount to Renewal
Chicago, IL-October 16, 2012- ArrowStream, Inc. (“ArrowStream”), a leading provider of Software-as-a-Service (SaaS) supply chain management technology and logistics services, announced that Panda Restaurant Group, Inc., (“Panda Restaurant Group”) a group of several nationwide quick service restaurant chains, has renewed ArrowStream’s OnDemand supply chain visibility and predictability system contract.
OnDemand enables a company’s supply chain organization to collaborate with key business functions, such as purchasing, marketing and operations using a single solution.
“OnDemand is critical to our purchasing department’s success,” said Rif Wiguna, Vice President, Supply Chain Management of Panda Restaurant Group. “The supply chain visibility and analytical tools have helped us reduce spending, manage inventory more efficiently and ensure accurate billing from our distributors.”
Additional OnDemand platform advantages Panda Restaurant Group will continue to benefit from include:
•Reduced costs through compliance and audit control
•Minimized obsolescence and stock outs through inventory threshold alerts and allocation exceptions
•Automated mission-critical processes, including contract adminstration and purchasing
•Enhanced contract management that quickly captures overcharges on contract price and unapproved spending
•Better demand planning, forecasting, limited-time offer (LTO) monitoring, new product rollouts, promotions and product testing
“Our entire ArrowStream team is excited to continue to serve Panda Restaurant Group. We have created a partnership that challenges us to exceed Panda Restaurant Group’s expectations and help it best serve its restaurants,” said Michael Hassel, Executive Vice President of Sales and Marketing of ArrowStream. “We look forward to continuing to work together to help their operations flourish.”
ArrowStream, Inc. is a leading provider of supply chain management technology and services. Our proven supply chain technology and logistics offerings give businesses end-to-end, real-time supply chain data, visibility, and predictability with a single integrated platform.
About Panda Restaurant Group, Inc.
Founded in 1973, with nearly 1,500 locations the privately-held Panda Restaurant Group is the world’s leader in Asian dining experiences. 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 famour Orange Chicken, Beijing Beef, SweetFire Chicken Breast, and Honey Walnut Shrip