Luby's, Inc. Selects Instill Spend Management to Improve Supply Chain Visibility and Drive Cost Savings
Supporting Aggressive Growth Plans
SAN MATEO, CA., - April 8, 2008
Instill® Corporation ("Instill"), a leading provider of spend intelligence services and solutions for the foodservice industry, today announced that Luby's, Inc (NYSE:LUB), has selected the Instill Spend Management solution to gain greater supply chain visibility and help support their aggressive growth plans.
"Instill is a critical component in our initiatives to build scalable systems and processes that support our strategic growth plan over the next five years," commented Janet Duckham, vice president of operations services for Luby's, Inc. "We have a lot on our plates preparing for growth and we needed a trusted partner who would add value right away with minimal effort on our part. Instill got us up and running in just six weeks."
Instill Spend Management automates the collection and standardization of unit purchase information from distributors, identifies contract price variances, SKU and manufacturer optimization opportunities, compliance problems and helps uncover new savings opportunities.
"Instill is committed to helping operators of all sizes and segments become more competitive in the face of rising food costs and increased consumer pressures," said Mike DeVries, CEO of Instill Corporation. "Instill delivers proven solutions to manage food costs enabling customers like Luby's to focus their resources against strategic growth initiatives."
Instill's proven suite of solutions - Spend Intelligence for Operators and Trade Spend Intelligence for Manufacturers - provide foodservice industry constituents the visibility they need to manage and grow their businesses. The Spend Intelligence Suite for Operators is a suite of hosted, web-based solutions that address critical foodservice processes including Spend Management, Procurement, Inventory Management, and Quality Management.
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