Financial Management | Pizza Marketplace Research -
[Cached Version]
Published on: 8/27/2002
Last Visited: 6/20/2005
Such a market-relative cost agreement is increasingly common in the case of cheese prices, said Ross Violi, managing director of Buonamici International, an independent distributor group in Richmond, Va.It makes sense, therefore, to consider it in the larger prime vendor sense.
"The last thing an operator should be doing is ‘shopping' for cheese every week," he said.
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Violi said a prime vendor agreement needs at least a semi-annual review that provides a look into both parties' operations.
"The operator needs to understand the capabilities and limitations of the distributor, from a pricing and operational perspective, as much as the distributor needs to understand (the operator's) business," he said.
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Violi agreed, saying that prime vendors that reach out to operators with value-added services work to deepen the customer relationship.
"Help in menu marketing, ideas and solutions should become a partnership between the two parties," he said.