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THE MECHANICS OF PROCUREMENT


A good procurement services provider will ensure you’re getting the best possible price when buying products, and help you build relationships with your suppliers. David Harris reports


Sponsor’s comment: Fourth


Fourth is the global leading provider of purchase-to-pay and inventory, workforce management and analytics solutions to the hospitality industry. In simple terms, its business systems help companies small and large to manage, control and optimise the many different functions and processes around people, food and beverages.


Founded by restaurant


They deliver transparency and enable companies to drive both revenue and profit.


entrepreneurs Derek and Edwina Lilley, and now backed by New York-based Insight Venture Partners, Fourth has supported the industry since 1999 and is continually seeking ways to improve this support through innovation. For any hospitality software need, the chances are Fourth ‘has an app for that’ from


kitchen recipe management to allergen law compliance, and from labour scheduling and workforce management to productivity programmes, analytics and insight tools. Fourth has helped many operators go paperless AND eradicate millions of labour hours previously lost to manual data entry, through seamlessly integrated back-office systems.


38 | Technology Prospectus 2017 www.thecaterer.com


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