Redwood City, CA December 10, 2001 T.G.I. Friday's restaurants will use data mining and analysis tools and services from solution provider Instill to tap into food cost savings within its 500 corporate and franchised units in the United States.
The restaurant chain will use the provider's Data & Analysis solution to gather T.G.I. Friday's system-wide invoice data and provide visibility into an estimated $350 million of transactions. Instill's business intelligence and data-mining applications will then identify specific cost savings opportunities in such areas as purchasing compliance and stock-keeping unit (SKU) rationalization.
T.G.I. Friday's is the sixth top 20 U.S. foodservice chain to sign up with Instill, which currently provides supply chain support to more than 44,000 restaurants across North America and has $8 billion-plus in annual food purchases flowing through its systems.
"We look forward to reducing food costs and streamlining our supply chain with Instill's information systems and service," said Steve King, chief administrative officer for Carlson Restaurants Worldwide, the parent company of T.G.I. Friday's.
Privately held Carlson, based in Minneapolis, operates, franchises and licenses 746 restaurants in 55 countries.