CASE STUDY

Supplier Evaluation Solution Helps a Non Alcoholic Beverages Producer Achieve Overall Savings Of 30%

Feb 6, 2018

Overview of the Non Alcoholic Beverages Industry

Over the past few years, owing to the increasing concern regarding obesity and health awareness, the non alcoholic beverage industry is reshaping to more nutritive low-calorie beverages. The non alcoholic beverage industry mainly comprises of products ranging from fruit juices, ready-to-drink coffee, soft drinks, and energy drinks. Leading manufacturers in the non alcoholic beverages space are increasing their focus on new product launches to cater to the ever-changing consumer preferences. The non alcoholic beverage industry is also characterized by factors such as rising population growth, and rapidly changing consumer preferences along with the rising societal awareness pertaining to health complications.

Although the industry is witnessing a promising growth, several other factors are expected to hinder the growth of the industry. These include:

  • Fluctuating consumer preferences: The altering preferences of the customers across the globe are forcing business providers to offer products that are in sync with the demands of customers. Additionally, consumers have become more informed and can gain access to a vast array of data in terms of ingredients used in the offerings by companies.
  • Stringent government regulations: It is essential for an organization to ensure the standard compliance requirements are met before marketing the products to the target audience owing to the issues in terms of regulations in labeling and listing of ingredients.

Numerous such factors are compelling non alcoholic beverages industry players to leverage the use of supplier evaluation solutions. Supplier evaluation solutions help companies identified relevant price drivers and assess TCO, including the impact of rationalizing SKUs.request free proposal These solutions also help firms make the supplier selection effective by providing them detailed supplier evaluation criteria and pricing worksheets.

The Business Challenge and Journey

The client, a leading manufacturer of non alcoholic beverage with business operations spread across the globe, wanted to standardize and reduce SKUs for select items and incorporate category best practices across their business units. Additionally, the primary aim of the client was to reduce the cost of goods associated with non alcoholic beverages supplies.

To help the client achieve savings and tackle the challenges, the supplier evaluation experts at SpendEdge carried out an extensive research methodology. The research methodology included primary and secondary research coupled with qualitative and quantitative data collection and interviews and discussions with leading supply experts within the non alcoholic beverages space.

During the course of the supplier evaluation engagement with SpendEdge, the client gained actionable insights into supplier evaluation criteria and pricing worksheets to make the most out of their supplier selection. Additionally, the client obtained recommendations on ways to select the final supplier in terms of qualitative assessment scores, quality audit results, geographic coverage, previous experience with the vendor, approved samples, and the total product development costs.

Fundamental questions answered in this supplier evaluation engagement

The Results

SpendEdge’s supplier evaluation engagement helped the client validate the recommended suppliers’ compliance with delivery requirements and SLAs. This helped them identify savings of 35%, compared to their previous spend.

To know more about our supplier evaluation solutions?

request free proposal


[ess_grid alias=”Blog-studio” settings='{“max-entries”:”6″}’ special=’related’][/ess_grid]

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