REDWOOD CITY, Calif.–(BUSINESS WIRE)–Instill® Corporation, a leading provider of supply chain solutions for the $391 billion foodservice industry, today announced that it signed an agreement with T.G.I. Friday’s restaurants to use Instill’s Data & Analysis(SM) solution. Beginning immediately, Instill’s professional service organization will work closely with T.G.I. Friday’s to identify food cost savings within its 500 corporate and franchised units in the United States.
Instill’s Data & Analysis(SM) solution will gather T.G.I. Friday’s system-wide invoice data and provide clear visibility into an estimated $350 million of transactions. Instill’s business intelligence and data mining applications will then identify specific cost savings opportunities in areas including purchasing compliance and sku rationalization.
T.G.I. Friday’s becomes the sixth top 20 foodservice chain in the United States to join Instill’s expanding network. With T.G.I. Friday’s and over 30 other chain restaurant customers, Instill will provide supply chain support to over 44,000 restaurants across North America and have over $8 billion in annual food purchases flowing through its systems. Over 10% of the chain restaurant locations in the U.S. are now supported by Instill.
“Instill brings with it, not only the latest technology and a proven track record, but deep foodservice expertise and a commitment to drive real results. We look forward to reducing food costs and streamlining our supply chain with Instill’s information systems and service,” said Steve King, Chief Administrative Officer for Carlson Restaurants Worldwide, the parent company of T.G.I. Friday’s.
“This is a great opportunity to work with an industry innovator,” stated Anthony Wilson, President and Chief Executive Officer of Instill. “We are committed to helping T.G.I. Friday’s deliver more value to all of its stakeholders very quickly.”
About Instill Corporation
Founded in 1993, Instill provides procurement, data analysis, contract management and collaborative planning solutions to the foodservice industry. Some of the restaurant companies using Instill’s services include Applebee’s International, Delaware North Companies, Fine Host, Sodexho, SUBWAY Restaurant’s Independent Purchasing Cooperative (IPC) and Tricon’s Unified Foodservice Purchasing Co-op (UFPC). With over 100 employees, Instill is headquartered in Redwood City, California. Instill can be reached at 888-Instill or visit Instill’s web site at http://www.instill.com.
About Carlson Restaurants Worldwide Inc.
Carlson Restaurants Worldwide Inc., the parent company of TGI Friday’s Inc., is a privately held company owned by Minneapolis-based Carlson Companies, Inc., a world leader in the hospitality, travel and marketing industries. As of July 13, 2001 Carlson Restaurants operate, franchise and license 746 restaurants in 55 countries, including T.G.I. Friday’s®. Carlson Restaurants Worldwide is included in the Carlson Hospitality Worldwide division of Carlson Companies, Inc.