AboutTopco Indirect

Four ways grocery stores can reduce food waste

In the grocery industry, food waste is simply a fact of doing business. In fact, about 40 percent of all food in the U.S. is wasted along the path from farm to fork, according to the National Resources Defense Council.

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Posted by Topco Indirect

Wed, Nov, 08, 2017 @ 09:11 AM

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What do new competitors and new business methods mean for your company?

America is known as the land of opportunity, and while we always believed this truism for individual people, history has shown us that it holds a lot of merit for corporations as well.

Every year, companies from overseas establish fledgling footprints in the United States. Like their American counterparts, some fail and disappear quickly, while others succeed and expand their reach, becoming household names in the markets where they exist.

In the retail/grocery space three such companies immediately come to mind: IKEA and Aldi which arrived decades ago, and the newcomer Lidl that will become a major player in the U.S. market starting this year. How big a player? Lidl plans to open 20 stores this summer and 100 by the end of this year. Atlantic coast states like the Carolinas and Virginia are the first target, but Lidl has a demonstrated interest in Texas as well. As its business grows, it’s only natural that it would seek new markets in other parts of the nation.

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Posted by Topco Indirect

Wed, Sep, 06, 2017 @ 09:09 AM

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Topics: competition in grocery, new business methods

Find alternatives to analyze your indirect spend

Sourcing and procurement professionals are in the spotlight as their organizations seek to improve operational efficiencies and cost-cutting measures. Simple procurement may involve nothing more than repeat purchasing of goods and services whereas complex procurement could involve deeper analysis of spending and finding long term partnerships with appropriate suppliers. No matter what your process it is important to analyze what you are spending in more areas than you think. Have you looked at your Indirect Spending?
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Posted by Topco Indirect

Thu, Jul, 20, 2017 @ 11:07 AM

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Topics: analyzing indirect spend, manage indirect spend

The top trends in today's healthcare foodservice

Urgent care, minute clinics, retail clinics, hospitals, doctor’s offices, even telemedicine services: the healthcare industry features more variety than ever before. With new forms of healthcare services appearing every year, competition for patients continues to get even more intense.

But would you believe that competition has stemmed all the way down to the food? You would if you were in the industry. It's a challenge hospital foodservice directors know all too well. 

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Posted by Topco Indirect

Wed, Apr, 19, 2017 @ 12:04 PM

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Topics: foodservice in healthcare, foodservice in hospitals, health care foodservice

What is the difference between tactical and strategic sourcing?

Companies in the market for sourcing solutions commonly run across two types of models: strategic sourcing solutions and tactical sourcing solutions. And for those not familiar with the market, the question then inevitably becomes: “What’s the difference? And which one is best for my company?”

The simple answer is, it depends. After all, both solutions exist in the marketplace, with happy customers swearing by one or the other. Yet the principles of each and the relationships they build are vastly different. Today we're going to take a deeper look at each solution so you can determine which matches the values of your company.

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Posted by Topco Indirect

Tue, Apr, 04, 2017 @ 10:04 AM

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Topics: TCO,, Tactical sourcing, strategic sourcing

Will AI disrupt the grocery industry?

 

Business as usual could be anything but for grocers in 2017 as the market becomes more digitally focused. While many different companies are involved, the increase in digital awareness is a result of improved artificial intelligence that will change the way consumers shop for, purchase and receive their groceries. Some research has indicated that grocery retailers believe robotics, machine learning and artificial intelligence will be some of the key game changers for the industry. 

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Posted by Topco Indirect

Tue, Feb, 28, 2017 @ 09:02 AM

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Topics: Artifical Intelligence in the grocery industry

Growing customer loyalty through marketing initiatives

Here’s a common scenario that has happened in every grocery store. A new promotion, be it a big discount, a sale or a rewards program, begins. People flock through the front door to snap up the deals. Your checkout lanes are busy, your product is moving and your customers are happy.

But are they loyal?

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Posted by Topco Indirect

Tue, Jan, 24, 2017 @ 08:01 AM

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Topics: Grow customer loyalty, Marketing initiatives for grocers, customer service in retail, build your brand, reward your customers

Understand the Benefits of Strategic Sourcing

Strategic sourcing helps procurement professionals fulfill their dual roles of supply and cost management. Rather than taking a reactionary or fulfillment approach to procuring what a company needs, strategic sourcing takes a proactive, information-guided approach to procurement. It’s the difference between “We need 100 widgets, now let’s find the best price,” and “Last year we needed 100 widgets in Q3. Here’s what we spent on it. In Q1, let’s negotiate the best price and ensure the same quality and value.”

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Posted by Topco Indirect

Tue, Dec, 27, 2016 @ 10:12 AM

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Topics: strategic sourcing, procurement strategies

Address the difficulties of controlling Indirect Spend

Procurement professionals are expected to deliver on many complex tasks, not the least of which is to determine where companies can best cut costs. For many companies, this involves focusing on controlling direct spend. And while managing direct spend is clearly important, goods and services can only be cut so much. So although indirect spend represents a smaller percentage of a company’s annual spend (typically 10-12%), the importance of maximizing the efficiencies of this spend should not be underestimated as it can translate into significant savings. For many businesses, however, managing this chunk of spend is difficult. Small to mid-sized retailers in particular may struggle to realize significant indirect cost savings due to the following common barriers within their organization: 

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Posted by Topco Indirect

Thu, Dec, 08, 2016 @ 10:12 AM

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Topics: indirect spend, indirect procurement

Making sense of multiple sourcing strategies

 

A strategic sourcing strategy has many, well, sources. Tactical sourcing, category sourcing and sourcing management — it can all get confusing very quickly, so today we’re going to take a deeper look at all things sourcing.

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Posted by Topco Indirect

Tue, Nov, 22, 2016 @ 09:11 AM

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Topics: sourcing strategies, strategic sourcing