CASE STUDY

Healthy Hot Drinks Strategic Sourcing – A SpendEdge Case Study on Beverage Industry

Sep 21, 2018

Healthy Hot Drinks Market Overview

Increasing demand for healthy hot drinks in emerging countries coupled with the introduction of new beverage alternatives has resulted in a superior demand for the global healthy hot drinks. Additionally, the demand for healthy hot drinks are proliferating and almost all segments of the food and beverage industry are fronting an exponential growth frequency coupled with a relentless modification of consumer preferences. Furthermore, healthy hot drinks have health benefits; coffee is known as the psychoactive component as it contains a stimulant called caffeine which enhances various aspects of the human brain function.

Who should implement strategic sourcing best practices?

Strategic sourcing is more of a sole project but rather an unremitting process that rolls like a wheel. Strategic sourcing best practices act as a guide for developing consistent procurement processes across various industry verticals. As a result, every organization should implement Contact USstrategic sourcing best practices to achieve higher profit margins. Furthermore, strategic sourcing is a complex process that helps businesses in comprehending the relationship between an organization and their suppliers.

Benefits of Strategic Sourcing Best Practices

Strategic sourcing entails every category of spend and suppliers to be analyzed. Each existing supplier is evaluated separately for financial risk, quality risk, availability risk, and level of cooperation. A robust strategic sourcing approach allows procurement professionals and category managers to augment procurement power to secure the best value available. Here are a few benefits:

Demo

Improved sustainability: Strategic sourcing is not a one-time initiative or plan; it is an endless cycle of activities. Dedicated category managers will keep an eye on the category and supplier performance to achieve improved sustainability.

Measured supply risks: Strategic sourcing involves every category of spend and suppliers to be analyzed. Each prevailing supplier is evaluated separately for quality risk, availability risk, financial risk, and level of cooperation.

Increased profit: Strategic sourcing systematically looks for savings from the whole supply chain; thereby, providing a business with a competitive advantage.


SpendEdge Advantage

Every organization needs smart procurement intelligence to stay at the top of their game. We provide actionable insights utilizing lean methodology to help establishments make better purchasing decisions. Our procurement market intelligence solutions assist businesses in meticulously monitoring the supply market settings and devise effective strategies for sourcing and procurement excellence. Start your 14-Day Free Trial Now.

Client Profile

The client – request proposalis an American coffee company and a healthy hot drinks chain headquartered in the United States. 

Predicaments

The healthy hot drinks manufacturer had no recognized supply agreements in place. As a result, they wanted to leverage the strategic sourcing best practices and reap its benefits. Additionally, the healthy hot drinks manufacturer wanted to meet product specific protection requirements and build strong relationships with incumbent suppliers and eliminate supply barriers to maintain product freshness.

Solutions Delivered

With the help of SpendEdge’s strategic sourcing best practices engagement, the healthy hot drinks manufacturer employed a sophisticated sourcing process reinforced by a web-based e-sourcing platform which helped them add new facilities through acquisitions that are unified into the existing supply chain. The healthy hot drinks manufacturer also performed a business needs analysis and leveraged total company spend volume with a comprehensive sourcing effort. This helped them mitigate the economic risks in all their underlying commodities.


To know more about the benefits of strategic sourcing best practices

Contact US


Recent Case Studies

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars