NGB Markets Files QuoteMatrix Patent Application to Streamline Food Purchasing for Retail and Food Service Procurement

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NGB Markets has submitted a patent application for its QuoteMatrix system, a web-based procurement tool that is improving the way food supply chain buyers and sellers interact. QuoteMatrix assembles and sorts all vendor quotes on one computer screen along with special messages such as promotional and targeted quotes--see ngbmarkets.com.

NGB Markets has submitted a patent application for its QuoteMatrix system, a web-based procurement tool that is improving the way food supply chain buyers and sellers interact. QuoteMatrix assembles and sorts all vendor quotes on one computer screen along with special messages such as promotional and targeted quotes. Market and order history is tracked, saved and utilized to develop compelling analyses with the ability to notify users when it is time to re-order or even purchase as markets are changing.

“QuoteMatrix is a tool like no other. It saves hours of collecting and collating information and puts them on a single sheet with side by side price comparison. Our analytical software takes much of the guesswork out of ordering, and coupled with our market intelligence features, it is a compelling tool that helps chefs and other food procurement professionals take advantage of market opportunities and eliminate waste,” says Richard Kaiser, Co-founder of NGB Markets. Incoming CEO Rock Clapper adds, “Initial inquiries for this tool from food retailers and restaurant groups has been tremendous and we’re looking forward to our Q3 2013 industry roll-out”.

NGB Markets provides food commodity buyers with an easy-to-use and economical software service hosted on Microsoft’s Azure Cloud Platform. The robust and scalable web-based service utilizes rich data and algorithms that saves time and leads to more effective decision making and increased profit--see ngbmarkets.com.

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