Good Times Restaurants Inc. Chooses ArrowStream OnDemand Technology for its Multi-Brand Supply Chain Management Solution
June 28 2018 - 9:00AM
ArrowStream®, a foodservice supply chain technology innovator that
combines market-leading software and industry data intelligence to
improve supply chain performance, today announced that Good Times
Restaurants Inc. (Good Times), operator of Good Times Burgers &
Frozen Custard, a regional quick service restaurant chain focused
on fresh, high quality, all natural products and Bad Daddy's Burger
Bar, a chain of full service, full bar restaurants specializing in
chef driven burgers and salads with local craft microbrew beers,
has joined the growing portfolio of restaurant operators that
leverage ArrowStream OnDemand technology to support critical
foodservice supply chain activities and optimize supply chain
performance. In support of its multi-brand sourcing
collaboration strategy, Good Times chose the suite of OnDemand
technology services to help analyze supply chain data, find
qualified suppliers and make quick supply chain decisions.
Good Times sought to automate what had historically been a heavy
administrative burden of manual data input and spend analysis
required to manage decisions across their multiple brands. With
OnDemand they can focus personnel on eliminating price variance,
reducing off-contract purchasing and reducing the risk of
stock-outs, while continuously delivering supply chain savings
across the company and enhancing shareholder value as operations
grow. Given the organization’s expansion strategy, it was
crucial to select an industry leader with proven expertise and
results in multi-brand restaurant operations.
“Utilizing ArrowStream is a game-changer for our operations and
performance,” said Nick Biegel, Director of Purchasing of Good
Times. “When it comes to supply chain, it’s all about how quickly a
company can take action. With ArrowStream’s guided analytics
technology, we will transform our operations to identify supply
chain disrupters across brands, gaining real-time insights and
enabling us to become more strategic with our suppliers. I am
extremely proud of the steps Good Times has taken over the past few
years to optimize our supply chain performance. Now with
ArrowStream, we have the preeminent technology as well as access to
the industry and supplier sourcing expertise that will lead us into
the future.”
ArrowStream delivers foodservice supply chain intelligence and
analytics across every segment of the supply chain. OnDemand
customers understand that centralized information is the key to
running their businesses in today’s environment. OnDemand
empowers companies like Good Times to strategically manage their
supply chain by providing a single source of truth for a company’s
procurement, distribution and marketing team’s data. With the
recent acquisition by ArrowStream of ARA’s ChainBrain, Good Times
will now also have access to a technology which enables a
data-driven RFP solution with their suppliers.
“ArrowStream is always on the cutting edge of ‘what’s next’ in
foodservice supply chain technology, and as a result, our customers
drive unprecedented performance in their supply chains, no matter
how complex,” said Jeff Dorr, Chief Customer Officer,
ArrowStream. “We are really excited to have Good Times up and
running so quickly and they are already seeing results.
Within the first month of use they were able to identify and
address price variances, immediately validating their decision to
utilize OnDemand. We look forward to partnering with them to
address other key savings drivers as we continue to innovate our
solutions in the market With ChainBrain also now a part of
our solution suite, we are helping our customers engage further
upstream in the supply chain by changing what’s possible in
supplier collaboration.”
About Good Times Restaurants
Inc. Good Times Restaurants Inc. is operator of
36 Good Times Burgers & Frozen Custard restaurants and 29 Bad
Daddy's Burger Bar restaurants, regional quick service restaurant
chains serving high quality, unique menu offerings in each of their
segments.
Good Times has been a public company since 1992 and is traded on
Nasdaq Smallcap, ticker: GTIM. For more information on Good Times
Restaurants Inc., please visit
https://goodtimesburgers.com/company/
About ArrowStream
Headquartered in Chicago, IL, ArrowStream is the first company to
develop innovative solutions that address both inbound logistics
and supply chain management, optimizing powerful data to provide
unprecedented levels of transparency, control and actionable
insight. ArrowStream has been serving the foodservice industry for
more than 18 years, combining proven supply chain expertise with
data science and analytics to help clients rethink and optimize
their supply chains. Industry leaders nationwide trust ArrowStream
to proactively manage their supply chains, dealing with issues well
in advance of the impact. For more information on
ArrowStream, please visit https://www.arrowstream.com.
Media Contact: Susan Fox
ArrowStream, Inc. sfox@arrowstream.com(312) 676-0036
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