Cairo, Egypt – 08 November 2023: Foodics, the leading restaurant management and payment solutions in MENA, announced its collaboration with Suplyd in Egypt, the prominent digital supply chain management and procurement platform. This partnership offers a comprehensive supply chain management solution to restaurants in Egypt, making it easier for restaurant owners to manage their inventory and procurement operations at all times.
The partnership will integrate Suplyd’s procurement platform with Foodics’ restaurant management system, creating a first-of-its-kind experience for restaurant owners. The collaboration will empower Foodics clients by granting them access to an extensive range of supplies, offering competitive prices, and making informed purchasing decisions from a diverse selection of reputable brands.
By removing manual searches and guaranteeing seamless real-time synchronization for purchase orders to lower the risk of overstocking or pointless purchases, the integration solves several pain points for restaurants. Through this collaboration, the restaurants can optimize inventory management, minimize waste, and accurately forecast and monitor inventory levels.
The collaboration is scheduled to take place in phases, promising a range of invaluable advantages for restaurant owners. In the first phase, the emphasis lies on simplifying the time-consuming manual ordering and reordering processes. The subsequent phase of the partnership will take things a step further by introducing automation to the inventory replenishment process. This integration of cutting-edge technologies empowers restaurant owners with heightened efficiency and paves the way for success, offering a seamless procurement experience that optimizes operations and enhances overall productivity.
In a statement following the signing of the agreement with Suplyd, Belal Zahran, General Manager of Foodics in Egypt, stated: “Our partnership with Suplyd brings a new level of cost-effectiveness and ease of doing business for our valued Foodics clients in Egypt. One of the biggest challenges for restaurants has always been leveraging their negotiation power to get the best prices in the market. With this partnership, we are bringing that power to their fingertips”.
Gohar Said, CEO of Suplyd, added: “We are thrilled to embark on this journey with Foodics. Together, we will empower the industry and deliver an exceptional supply chain experience to every restaurant. Foodics’ remarkable journey, so far, has been truly inspiring, so through this collaboration, we will further enhance the efficiency and growth of the F&B ecosystem.”
It is noteworthy that the partnership above marks a positive transformation for the F&B industry in Egypt. This transformative collaboration not only drives digital transformation but also aligns with Egypt’s Vision 2030. By empowering restaurants to thrive in the digital era, the Foodics-Suplyd partnership is poised to contribute to the industry’s growth and success.
Foodics’ Boilerplate:
Foodics is the leading Restaurant and Payment Tech company in MENA, with an innovative 360° SaaS ecosystem making it a pioneer in the regional F&B industry. Foodics has been working in Egypt since 2020 and was able to achieve significant growth in the volume of its operations, reaching 3 fold year over year. Foodics in Egypt helps a group of distinguished brands in the F&B sector to control all its different operations at any time and from anywhere. The company’s vision is to build a complete restaurant management ecosystem that enables owners to run their operations seamlessly and grow their businesses. Its mission is to empower restaurant and merchant owners with a comprehensive cloud-based POS system to enrich their operations. Foodics caters to every segment of the F&B sector from traditional dine-in restaurants, cafés, quick service restaurants, bakeries, food trucks to cloud kitchens and non-food micro-retailers. Since its inception in Saudi Arabia in 2014, it has successfully processed over 6 billion orders through the platform and raised a record USD170 mil in Series C round, making it one of the most promising SaaS companies to emerge from the MENA region.
Suplyd’s Boilerplate:
Egypt-based Suplyd, founded in January 2022, is the pioneer digital platform bridging the gap between restaurants and suppliers aiming to revolutionize the HORECA (Hotels, restaurants, and Catering) supply chain ecosystem for the MENA region. Since its foundation, Suplyd has experienced remarkable growth, currently catering to a network of over 10,000 partners. The company’s goal is to build a digital infrastructure that fully automates restaurants’ supply chains.
Suplyd streamlines the ordering process for both restaurants and suppliers – it exposes restaurants to a wide range of SKUs and guarantees fulfillment through a single platform, simplifies the transaction and the delivery process, as well as benefits suppliers with real-time analytics and actionable insights when it comes to demand patterns and trends.
