SignalDemand and Michael Foods, Inc. today announced that Michael Foods, a multi-national producer and distributor of food products to the foodservice, retail and food-ingredient markets, has become a charter customer for SignalDemand's egg solution.
"We recognized in SignalDemand an opportunity to add refined tools and improved processes that will help us respond quickly and appropriately to changes in commodities markets," said Tim Larson, Chief Procurement Officer for Michael Foods.
"Michael Foods' progressive thinking about the value predictive analytics and mathematical models can bring to commodities markets and the food industry helped us significantly in defining our solution for the market," said Mike Neal, CEO and founder of SignalDemand. "SignalDemand's new solution will marry the best of advanced mathematical modeling with expert market experience to optimize performance and reduce risk." SignalDemand provides commodity-based value chains with enhanced visibility and insight into their business, providing better answers to questions around price, mix, supply and purchasing. With SignalDemand, organizations are able to better manage commodity prices to reduce risk, optimize perishable inventory to reduce costs, and respond quickly to changing demand.
About Michael Foods, Inc.
Michael Foods, Inc., based in Minnetonka, MN, is a multi-national manufacturer and distributor of food products. The company's egg products include Papetti's® precooked, frozen, liquid, hardcooked and dried products, Abbotsford Farms® cage-free and organic egg products, and All Whites® and Better 'n Eggs®, both sold at retail. Michael Foods also owns the Simply Potatoes® line of refrigerated potato products, as well as Crystal Farms® branded cheese and refrigerated products.
SignalDemand (signaldemand.com) provides predictive analytics and optimization for commodity based value chains. Through on-demand software and services, SignalDemand delivers real-time recommendations to help make complex price, mix, supply and purchasing decisions across products, customers, channels and suppliers. Using patented, comprehensive mathematical models to process thousands of variables, SignalDemand enables better day-to-day decision-making and increased profit margins.
SignalDemand's recognition includes being named a Rising Star in Deloitte's Technology Fast 50 for Silicon Valley. The company was also chosen as a "Cool Vendor" in the Gartner's "Cool Vendors in Manufacturing" Report and was the only on-demand pricing company recognized by JMP Securities' "Hot 100" list of private companies. Companies such as Teys Brothers, Sobeys, Sysco, ConAgra Mills, Kepak Group, Wal-Mart, Cargill, BJs, Lopez Foods, Farmland Foods, Hormel, National Frozen Foods and Ventura Foods rely on SignalDemand for immediate and ongoing improvement of financial performance.