On-demand Hospitality Solutions -
Purchasing Management
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WHY CHOOSE
FOURTH?
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Fourth has
saved clients an average of
between 2% and 7% in both wages
and cost-of-sales
The system
enables the business to reduce,
manage and sustain KPI's
By using
Fourth, full compliance with
current legislation is adhered
to
Users find it
easy to learn and simple to use
The
application is built
specifically for the Hospitality
industry
The system
significantly reduces central
administration and managers
admin time
Fourth
provides complete on-demand
business intelligence &
reporting - one version of the
truth
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Electronic trading,
supplier integration, invoice management and
procurement.
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Modules include:
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Online Ordering
Procurement
Promotions and brand
management
Invoice management
Vendor and catalogue
management
Supplier network
Budgets and flexible
workflow
Comprehensive
management reporting
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Online Ordering
Trade simple
requires that the
supplier provides an
electronic product and
price list which
allows you to control
what is purchased at
all times. This leads
to a range of business
benefits meaning you
save money while
increasing
transparency across
your business estate .
Provides...
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1. |
Real-time
visibility and
control of
spend |
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2. |
Reduction
in admin
overhead that
releases staff
to front of
house |
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3. |
Elimination of
maverick
spending |
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4. |
Improved
gross margins
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5. |
Total
purchasing
compliance and
guaranteed
rebates |
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Procurement
Powerful online tool
that enables you to
manage all the spend
throughout your
organization.
Provides...
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1. |
Control of
all purchases
including
services,
utilities and
non-catalogue
items |
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2. |
Reduction
in cost of
buying |
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3. |
Rationalisation
of supplier
base |
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4. |
Elimination of
wrong
deliveries
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5. |
Improvement in
accuracy of
invoices |
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Promotions and brand
management
Enforces and underpins
all supplier
promotions and special
offers to ensure that
all units gain full
advantage whilst
allowing head office
to maintain control.
Provides...
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1. |
Enforced,
centrally
negotiated
promotions
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2. |
Access to
cost-effective
supplier
offers |
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3. |
Unit
flexibility
within
corporate
parameters
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4. |
Ability to
manage
products,
recipes and
selling prices
on a
brand-by-brand
basis |
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Invoice management
Reduces the error and
cost of invoice
processing through the
automated checking and
matching of inbound
invoices against
electronic purchase
orders and goods
received notes.
Provides...
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1. |
Reduction
of overhead in
accounts
payable |
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2. |
100% line
checking
against
contract price
to eliminate
erroneous
pricing |
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3. |
Accurate
visibility of
invoice
commitment
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4. |
Automated
credit note
management to
further reduce
costs |
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5. |
Automated
integration
with accounts
package to
eliminate
re-keying and
errors |
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Vendor and catalogue
management
Online catalogue
enables all purchases
to be made against
agreed prices and
manages the range of
products any
individual can
purchase.
Provides...
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1. |
Improved
purchasing
compliance and
guaranteed
rebates |
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2. |
Easier
vendor
performance
monitoring
through
reporting |
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3. |
Control of
pricing by
exception |
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4. |
Automatic
loading of
products and
prices,
reducing
manual input
to a minimum
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Supplier network
Enables hospitality
buyers and suppliers
to exchange electronic
documentation through
a shared trading
platform.
Provides...
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1. |
Automated
supply chain
that reduces
cost for
everyone |
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2. |
Electronic
ordering that
reduces cost
of sale for
the supplier
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3. |
Support for
all suppliers
regardless of
size
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4. |
Vendor
Management
Reporting that
keeps you in
control |
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5. |
Invoice
Management
that ensures
suppliers are
guaranteed to
be paid to
terms |
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Budgets and flexible
workflow
A comprehensive and
easy to use
authorization process,
giving instant access
to up to the minute
spend Vs budget
information.
Provides...
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1. |
Greater
control
through online
real time
spend Vs
budget |
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2. |
Elimination of
unreliable
labor
intensive
paper-based
processes |
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3. |
Flexibility
and easy
tailoring to
support
individual
company
requirements
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Comprehensive
management reporting
Both standard and
tailored reporting is
available to meet all
needs.
Provides...
1.
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Real time
visibility of
all spend
commitments,
accruals and
actual,
meaning there
are no holes
in your
accounting |
2.
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Greater
management
control of
spend Vs
budget
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3.
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Vendor
performance
reporting
enabling you
to monitor
whether your
vendors are
delivering
against
promise
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