Food Lion Selects Procuri’s Strategic Sourcing Solutions to Better Manage Sourcing Processes
ATLANTA (July 7, 2004)- Procuri, Inc., a leading provider of strategic sourcing solutions, today announced that Food Lion LLC, one of the largest supermarket chains in the United States and a subsidiary of Delhaize America, the U.S. division of Brussels-based Delhaize Group (NYSE: DEG), selected Procuri’s best in class sourcing solutions to better manage its sourcing processes.
After using Procuri’s solutions at a previous company, Don Coggins, strategic sourcing manager for Food Lion, chose to take advantage of the tremendous successes the solutions provided and duplicate them at Food Lion. The company plans to leverage Procuri’s solutions across each qualifying spend category spanning the entire organization.
“We needed a new application that offered more functionality and broader bidding parameters than what we had in place,” said Coggins. “Procuri offers a highly functional and elastic solution that directly aligns with Food Lion’s business processes and strategies for development.”
Food Lion prides itself on its low price leadership, quality assurance, and community involvement. The company has received numerous awards including the 2003 Energy Star Partner of the Year from the U.S. Environmental Protection Agency, the 2003 Technology Excellence Award from Supermarket News, and the 2003 "Preferred Employer," given by Employer Support of Guard and Reserve, a voluntary branch of the U.S. Department of Defense to name a few. With Procuri’s solutions, the company hopes to become an e-sourcing success story and set the precedence for other supermarket chains.
“It is proven that with Procuri’s rich functionality, companies can leverage and elevate their staff’s expertise. We are elated that Food Lion has chosen Procuri to help them strategically manage their sourcing processes and procedures,” said Mark F. Morel, Sr., Procuri’s president and chief executive officer.
About Food Lion
Food Lion LLC is a subsidiary of Delhaize America, the U.S. division of Brussels-based Delhaize Group (NYSE: DEG). Food Lion operates 1,200 stores and employs approximately 73,000 associates, delivering Extra Low Prices and service to its customers in 11 Southeastern and Mid-Atlantic states. Food Lion stores offer more than 28,000 different products, including a wide selection of Food Lion brand items.
About Procuri
Procuri’s strategic sourcing solutions empower its more than 100 customers to create a competitive advantage. By accelerating business velocity, Procuri`s solutions help companies achieve rapid ROI, reduce cycle times and improve buyer efficiencies. Procuri’s ability to leverage industry best practices while enabling its customers to predict and control their success in the sourcing process has led to the company’s unequaled 100 percent customer retention rate. Customers include Procter & Gamble, Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, Rio Tinto and U.S. Steel, among others. For more information, call 1-877-360-1600 or visit www.procuri.com.
All copyright, registration and trademarks for Procuri, Inc., Procuri, Procuri 2, Procuri 3, Procuri 4.0 and Fast-Track ROI are owned by Procuri, Inc. Other company and product names may be trademarks of their respective owners.
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