Quality Supply Chain Co-op Beefs Up E-Sourcing Strategy for Wendy’s with SciQuest

  Quality Supply Chain Co-op Beefs Up E-Sourcing Strategy for Wendy’s with
  SciQuest

          QSCC to manage up to 60 percent of its spend with SciQuest

Business Wire

CARY, N.C. -- June 30, 2014

SciQuest, Inc. (NASDAQ: SQI), a leading provider of cloud-based business
automation solutions for spend management, today announced that Quality Supply
Chain Co-op, Inc.^SM (QSCC), the independent, not-for-profit organization that
oversees the supply chain for more than 6,100 Wendy’s^® restaurants in North
America, has expanded its use of SciQuest’s Advanced Sourcing Optimizer (ASO).

A SciQuest customer since 2011, QSCC now uses SciQuest’s ASO to automate the
e-sourcing process for more than 30 percent of the company’s spend. With its
new commitment to SciQuest, QSCC expects to see that rise to more than 60
percent.

QSCC is committed to conducting e-sourcing events that are innovative,
efficient, and produce value and cost savings, all of which are deliverable
with SciQuest’s ASO platform. Using SciQuest’s ASO, QSCC has created a more
organized, efficient and repeatable sourcing process, driving significant
bottom-line value to Wendy’s.

The solution was initially implemented to manage complex requests for
proposals (RFPs) for food products. After just a few months, QSCC recognized
the advanced capabilities of SciQuest’s ASO could help the company drive
benefits across many additional, less-complicated spend categories throughout
the Wendy’s supply chain. As a result, QSCC turned to SciQuest to manage
e-sourcing across categories including ingredients, transportation and
distribution services, disposables and packaging, contract services, and
kitchen equipment.

“The decision to trust SciQuest to support our e-sourcing process is one of
the better ones we’ve made,” said David Kourie, EVP of Purchasing at QSCC.
“The results, which we saw almost immediately, have been remarkable. Most
technology implementations start simply and grow increasingly complex – but we
turned to SciQuest first to manage the most complex sourcing events in our
supply chain. They’ve delivered at every step of the way, to the benefit of
Wendy’s and its franchise system.”

SciQuest’s ASO enables QSCC to conduct sourcing events with an unlimited
number of items and bid elements, allowing the company to aggregate spending
across thousands of individual restaurants to generate more-competitive
bidding and reduce costs.

Additionally, SciQuest’s Expressive Bidding® approach, which allows users to
engage in a creative and collaborative bidding process, enables suppliers to
provide more strategic and competitive bids. The ability to collect and
evaluate each supplier’s capacity to meet demand across the supply chain has
allowed QSCC to ensure supply chain continuity.

QSCC continues to look for ways to improve the e-sourcing process by
developing better, more- efficient sourcing events and by leveraging
components and enhancements of the ASO platform. QSCC is expanding its use of
the ASO platform into categories such as building materials, restaurant
equipment, and contract services.

With the ability of SciQuest’s ASO to create complex cost models, QSCC is
exploring a new approach to currency exchange rates within its North American
sourcing events. QSCC is also exploring ways to harness the platform’s
capabilities in ways not directly related to e-sourcing. One approach is to
use the RFI capabilities of the platform to collect information and data from
its stakeholders.

“Given the size, scale and complexity of Wendy’s supply chain and the
company’s unwavering commitment to quality, they need the best tools in the
industry to ensure that their supply chain supports their high standards,”
said Stephen Wiehe, president and CEO of SciQuest. “We are excited to expand
our partnership with this iconic American institution.”

About SciQuest

SciQuest (NASDAQ:SQI) is the largest publicly held pure-play provider of
cloud-based business automation solutions for spend management – offering deep
domain knowledge and a leading, customer-driven portfolio. SciQuest solutions
enable greater visibility and compliance organization-wide to help you gain
control, optimize efficiencies and reduce spend. These cloud-based solutions
are easier to implement and proven to deliver measurable, sustainable value
with SciQuest’s high-touch support, analysis and automation. Learn more about
our solutions and how we can help your organization turn spending into savings
at www.sciquest.com.

To join the conversation, please visit our blog, The Open Kitchen at
http://www.sciquest.com/blog  – or follow us on Twitter @SciQuest.

Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are
forward-looking statements. All forward-looking statements in this release are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements to be
materially different from any future results, performances or achievements
expressed or implied by the forward-looking statements. Certain of these risks
are discussed in “Part I, Item 1A, Risk Factors” and elsewhere in SciQuest’s
most recent Annual Report on Form 10-K and other reports, as filed with the
United States Securities and Exchange Commission (“SEC”). The company’s SEC
reports are available free of charge on the SEC's website at
http://www.sec.gov or on the company’s website at www.sciquest.com. These
forward-looking statements speak only as of the date hereof, and SciQuest
undertakes no obligation to update, amend or clarify any forward-looking
statement for any reason. Given these risks and uncertainties, investors
should not place undue reliance on forward-looking statements as a prediction
of actual results.

Contact:

SciQuest Media contact:
SciQuest, Inc.
Roberta Patterson, 919-659-2230
rpatterson@sciquest.com
or
fama PR for SciQuest
Dan Gaffney, 617-986-5036
sciquest@famapr.com
or
SciQuest Investor contact:
SciQuest, Inc.
Jamie Andelman, 919-659-2322
jandelman@sciquest.com
 
Press spacebar to pause and continue. Press esc to stop.