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Food Industry and Restaurant News
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NOTICE: THIS IS ARCHIVAL CONTENT AND LIKELY OUT OF DATE.

Buffets, Inc. Chooses Tibersoft IQ to Control Food Costs

Article Editor: Carly Zander

Supported by the TiberNet Distributor Integration Network, IQ will Obtain and Present Food Chain Data for Fact-based Decision Making

WESTBOROUGH, MA - October 25, 2004 /Send2Press Newswire/ -- Tibersoft (www.tibersoft.com), the expert in food chain cost control systems, announced today that Buffets, Inc. of Eagan MN will implement the Tibersoft IQ solution. The Tibersoft solution will provide total visibility of procurement activity across Buffets' 356 company-owned units. The Company chose IQ for its unique ability to automate contract compliance, administrate activities and connect to existing systems. The purchasing department is expected to increase service levels without increasing staffing costs.

"Buffets' restaurants provide a high level of food quality and service through uniform operational standards developed at the corporate level and implemented at each of their locations," related Tibersoft CEO, Keith Enstice. "They didn't want to 'reinvent the wheel' by having to alter their product ordering or numbering system. They were in search of a solution that provided the efficiencies of a standardized data set with the flexibility to make the system conform to their reporting needs. Tibersoft is able to 'sanitize' their distributor data and give them the custom analytical reports that resonate for their particular business."

Mr. Enstice, attributes Tibersoft's fact-based decision making and foodservice domain expertise as essential to IQ's ability to organize information around Buffets' business: "Too much data," stated Enstice, "can be worse than not enough when it comes to actionable reporting. Our entire solution set is engineered on the premise that each of our client companies needs to adapt our technology to their internal systems while utilizing our business knowledge to make timely and relevant analytical choices. No Purchasing, Finance or F&B executive has the time to sift through reams of data to see what is going on at the unit level. Real time exception alerts are critical to controlling costs over multiple contracts while maintaining quality in every unit."

About Buffets, Inc.
Buffets, Inc. was founded in 1983 with the mission to provide a relaxing and enjoyable dining experience in a friendly, family oriented atmosphere. To achieve this goal, the restaurants serve foods made with fresh, high quality ingredients that are primarily made from scratch in small quantities throughout the day. Becoming a public company in 1985, the company was subsequently acquired in 2000 by Buffets Holdings, a company organized by Caxton-Iseman Capital, Inc. As of 2003, Buffets was the twentieth largest restaurant operator in the United States of company-owned restaurants in the buffet/grill segment, as measured in both sales and number of restaurants. The national chain's restaurants are principally operated under the names Old Country Buffet and Hometown Buffet totaling 356 company-owned restaurants and 19 franchised locations in 37 states.

web graphic (c) Send2Press About Tibersoft Corporation
Tibersoft helps operators, distributors, and manufactures better understand their businesses and be more profitable. Coupled with Tibersoft team's extensive foodservice and technology expertise, the IQ solution meets the needs of large client enterprises in search of "right-data, right-time" information aggregation and control.

Founded in 1996, The Company's clients include major institutional and hospitality foodservice organizations including ARAMARK, Au Bon Pain, The Cheesecake Factory, Prime Restaurants, Valley Services, Wolfgang Puck, Travel Centers of America and Diedrich Coffee. More information: www.tibersoft.com



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