BOSTON, Mass., March 18, 2013 (GLOBE NEWSWIRE) -- Oklahoma based Reasor's recently announced its business partnership with TopSource LLC, a Boston-based strategic sourcing company formed to cut procurement costs across indirect product and services. Since 2006, TopSource assists grocery, retail, and wholesale companies manage their indirect spend and provide significant savings in multiple business areas. As a division of Topco Associates LLC, the largest cooperative buying organization for retail food in the United States, TopSource supports businesses in areas such as store equipment, hired services, logistics and distribution, packaging, waste management, HR Benefits and several other categories of business.
Until 2007, Reasor's was family owned and is now an employee owned company employing nearly 3,000 people in Northeastern Oklahoma. Reasor's currently operates 17 grocery stores and two convenience stores including their newest state-of-the-art grocery location that opened in Bixby, Oklahoma in the Fall of 2012. This growing company keeps up with the latest industry trends and best practices by supporting their employees to attend the necessary training to better understand their role in the grocery arena and provide the utmost in customer service. Additionally, as an employee owned company, they continue to seek efficiencies to keep costs down. In conjunction with supplier partners, Reasor's and TopSource believe significant opportunities exist to work together to add efficiencies to Reasor's grocery operations and purchasing decisions.
Ward Dunn, VP Sales & Marketing for Reasor's, looks forward to the new partnership stating, "We are impressed with TopSource's expertise and years of experience especially in grocery retail. They are able to complement our procurement decisions by offering innovative solutions and savings. The Reasor's team is excited to be working with the TopSource team as their business model fits our needs. We can leverage the purchasing power of TopSource's sixty-plus customers who have significant overlap to our indirect spend."
John Latham, Director of Business Development at TopSource, welcomes Reasor's as the newest TopSource customer. Latham said, "Our team was able to introduce and demonstrate to Reasor's the competitive savings advantage that TopSource delivers to our customers on an ongoing basis. Reasor's is similar in size to a lot of our customers and have many of the same strategic indirect sourcing needs that are at the very core of what TopSource does. Together, we have already identified potential areas of spend and look forward to driving value and cost savings for both their grocery and convenient stores. We look forward to this new business partnership with Reasor's."
Working closely with the TopSource category teams, Reasor's and TopSource are currently prioritizing those areas with the greatest savings opportunities. Several initiatives are currently being evaluated.
TopSource is a wholly owned subsidiary of Topco Associates LLC, the largest cooperative buying organization in retail food. By applying a structured sourcing process and through spend aggregation, TopSource assists premier grocery, retail and wholesale companies realize significant savings in the area of Not-For-Resale (NFR), often called indirect spend. Across twelve NFR categories, TopSource has saved its customers an average of 13% on an annual basis in areas such as store equipment, office products, packaging, IT/Telecom, construction, logistics & distribution, marketing, health care, utilities and hired services. To learn more about TopSource, visit www.topsourcellc.com.
Reasor's was founded in 1963 in Tahlequah, Oklahoma. It was family owned until 2007, when Reasor's became an employee owned company. Today, Reasor's has 17 grocery store locations and two convenience stores. The company employs nearly 3,000 people in Northeastern Oklahoma. Supermarket News ranks the company #34 on its Top 50 Small Chains and Independents in the U.S. for 2011. To learn more about Reasor's, visit www.reasors.com.
Photos accompanying this release are available at:
CONTACT: Carol Mather Sr. Communications Manager TopSource 781-926-6053