JJ Food Service has announced a 6.9% increase in gross profit margin over the quarter ended 31st December 2013 compared with 2012.
CEO, Mustafa Kiamil said: “The increase in margins are a result of negotiating more favourable contracts with our suppliers but in return, settling well within our trading terms. My procurement team have sourced many new products from around the world at very competitive prices, resulting in a wider choice in range and excellent value for our customers.”
Kiamil added that significant effort has been given to ensure excellent stock availability, along with reduced stock loss and damages. Many high volume lines are ‘just in time’ which means that stock holding is kept to a minimum, but with optimum freshness and availability. He said: “As the majority of our customers either pay securely on line or with cash our debtors are very low.”
The investment in IT is also helping the wholesaler to see significant savings in costs and efficiency.
For more information, visit: http://www.jjfoodservice.com
Read our profile of JJ Food Service’s Aston depot in Better Wholesaling February, out next week.
