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BLOOMINGTON, Minn. -- Holiday Stationstores, a more than 420-unit convenience chain based here, selected sourcing firm Category One's reverse auction platform to support its cost reduction efforts, the company stated.
"The Category One e-sourcing process and technology delivers great results, from suppliers we can trust," Martha Glende, merchandising director for Holiday Stationstores, said in a statement. "Category One knows the key suppliers, the current market conditions, and how to best describe what we buy. The result was far more competition than we have witnessed in the past, and significant savings to the bottom line."
The contract comes after a test period, where Holiday Stationstores sourced items including foodservice ingredients, packaging and store supplies. The convenience chain achieved double-digit savings through the use of Category One's supplier database, reverse auction Web site and category sourcing strategies, according to the company.
"Holiday Stationstores delivers a great experience to the convenience store customer. It is critical that their suppliers deliver high quality goods and services to protect that image. We are very excited to have helped Holiday identify competitive suppliers with great products," Mark Shanley, vice president of Category One, said in a statement. "Supporting and preparing vendors to bid competitively is what we do best, and the technology delivers market leading pricing."