When a large percentage of your spend is under contract, even a small change in food costs can lead to a magnified impact on your bottom line.

To keep costs under control, you need to manage every aspect of every contract, on every item, with every vendor. You need the best tools to validate that distributor pricing is accurate, and as contracted.

iTrade’s Contract Management System (CMS) effectively manages and communicates contract pricing across your supply chain. CMS standardizes and synchronizes item data between disparate sources and provides dashboards so you can manage, monitor and analyze location, specific contract item, price, freight and global variables for performance and compliance. CMS also helps you to monitor distributor pricing via a landed cost report to ensure contracted pricing is delivered. CMS uses information from TPIM and PIM to build out specific pricing lanes, clearly defining all pricing components from supplier plant to DCs and stores. All trading partner, product and contract data is published to a monthly landed cost report (LCR) for all DCs.

iTrade’s Contract Management System provides operators with the tools to effectively manage and communicate contract pricing across their supply chains, helping to:

Communicate monthly pricing via a landed cost report (LCR)
Manage pricing at specific plant-to-DC lanes
Store all trading partner, product, and contract and pricing documentation in a single location
Provide “expected pricing” reports to complete contract price verification
Easily integrate with 3PL partners on pricing and lane responsibility

Efficient and timely validation of contract pricing with manufacturers
Up to 30% improvement in capturing contract benefits
Up to 60% less time spent managing and auditing contract compliance
Up to 50% reduction in contract errors at the line item level

Modules for Product and Trading Partner Information & Contract Pricing