Giant Eagle Selects Vendor Management Solution
Giant Eagle Inc. adds a subscription for DemandTec Inc.'s Deal Management software service and extends its agreement to manage pricing with software services from DemandTec. The food retailer, which operates stores in Pennsylvania, Maryland, Ohio and West Virginia, first deployed DemandTec's Everyday Price Optimization software service to help manage everyday retail pricing in 2005.
"DemandTec has helped us to plan and execute a pricing strategy that provides consistent everyday value to our customers and at the same time allows us to meet our objectives for company performance," says Stephanie White, vice president of sales systems and operations at Giant Eagle. "We have enjoyed our partnership with DemandTec and are looking forward to working together to further advance our pricing and promotions management."
Prior to deploying DemandTec's pricing solution, price management at Giant Eagle was a manual operation, using libraries of spreadsheets, that required significant resources and provided little optimization. White adds that the DemandTec solution is expected to improve the processes for ad negotiation and execution, provide a significant time savings for the category teams and vendors, and help to ensure Sarbanes-Oxley compliance. The company also expects to greatly reduce team member time spent on non-value added activities, while providing analytics that will deliver insights into total delivered cost.
"DemandTec has helped us to plan and execute a pricing strategy that provides consistent everyday value to our customers and at the same time allows us to meet our objectives for company performance," says Stephanie White, vice president of sales systems and operations at Giant Eagle. "We have enjoyed our partnership with DemandTec and are looking forward to working together to further advance our pricing and promotions management."
Prior to deploying DemandTec's pricing solution, price management at Giant Eagle was a manual operation, using libraries of spreadsheets, that required significant resources and provided little optimization. White adds that the DemandTec solution is expected to improve the processes for ad negotiation and execution, provide a significant time savings for the category teams and vendors, and help to ensure Sarbanes-Oxley compliance. The company also expects to greatly reduce team member time spent on non-value added activities, while providing analytics that will deliver insights into total delivered cost.