“For the first time, restaurant operators have a 21st Century solution when it comes to comparison shopping for commodities,” CRA President + CEO Jot Condie said. “Conscientious restaurant operators have been waiting for a more sophisticated method of gleaning unfiltered pricing information for the ingredients they use most, and NGB delivers that and more.”
NGB has developed a system that allows agricultural and non-agricultural purveyors to provide real-time pricing that restaurant buyers, chefs and managers can access online via a custom QuoteMatrix that displays quotes from multiple vendors on one page – providing a true apples-to-apples comparison of ingredients availability and pricing.
The company is working toward including an alert system that will let food buyers know that price increases are coming so they can negotiate short-term contracts with vendors or can tweak menus.
“Our restaurant users have found tremendous success with NGB’s services,” NGB CEO Rock Clapper said. “In such a fast-paced, service-driven industry, restaurant operators live and die on the slimmest of profit margins, so having the opportunity for on-demand commodities pricing from vendors on a daily, or even hourly basis, is invaluable.”
About the California Restaurant Association: The California Restaurant Association is the definitive voice of the California restaurant and hospitality industry and has served to protect and promote its success since 1906. The restaurant industry is one of the largest private employers in California, representing more than 1.4 million jobs. Restaurants produce more than $56 billion in sales annually and generate more than $4.5 billion in sales tax for the state. For more information, go online at www.calrest.org.
About NGB Markets: NGB Markets provides food commodity buyers and sellers with an easy to use and economical web-based platform that utilizes rich data to save time and assist rapid decision making, putting more money into the pockets of buyers and sellers. NGB removes the archaic faxed or emailed spreadsheet price quote process suffered by hundreds of thousands of restaurants, food retailers, distributors and others. For more information, go online at www.ngbmarkets.com.