Webinar/Podcast
Prime Vendor: Can Consolidating Purchases REALLY Lower Costs for Independents?
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Many independent operators believe that tough negotiation and bidding out products among multiple suppliers is the only way to get the best prices.
However, in RO surveys, many members have told us they take a different approach to their purchasing. They say that consolidating more of their purchases with a single supplier reduces supply chain costs and results in better pricing, lower costs and other benefits as well.
In this webinar, we'll discuss how to go about determining whether a prime vendor arrangement could be beneficial for your operation and how to go about setting one up to achieve the best results.
Topics Discussed:
- How prime vendor arrangements work and how can they be beneficial to independents
- How cost-plus programs work and is this the most effective solution?
- Is a prime vendor program right for everyone?
- How big does a restaurant need to be to utilize a prime vendor program?
- Common checks and balances to put in place to protect yourself
- Other potential benefits of a prime vendor arrangement
- Plus feedback from other independent operators
About the Presenters:
Joe Erickson
Joe Erickson is the Chief Operations Officer and a partner in RestaurantOwner.com. He has owned and/or managed several restaurant/catering operations. He started his career by developing Luther's Catering, a division of the Luther's BBQ chain, in Houston. He was also a partner and co-founder of Sunset Dinner Cruises and was the founding partner of Bobby Mac's, a casual, full-service restaurant in Kerrville. He later helped to develop a southwestern bistro, Nicole's Cafe San Felipe, and was managing partner for the original Truluck's Steak and Stone Crab, which now has several locations throughout the U.S. Joe is focused primarily on developing easy-to-implement, yet highly effective systems and processes to help our members improve their restaurants' efficiency, product utilization and most importantly, deliver a more consistent guest experience.
Jim Laube
Jim is the founder and CEO of RestaurantOwner.com. He has a diverse 30-year career in the restaurant industry that includes various staff positions, manager, controller, CPA and advisor to hundreds of independents throughout the U.S. and Canada. Jim is a popular restaurant industry speaker and seminar leader whose clients include the National Restaurant Association, Pizza Expo, SYSCO, Food Services of America, Gordon Foodservice, the New York Restaurant Association, Walt Disney and Papa John's.
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Attendee Questions & Comments
Question 1: What was the most valuable idea or insight you received?
Question 2: What is the #1 thing that you will try or do differently because of the webinar??
