The Procurement Pain Point
A leading food and beverage company with a global presence was facing challenges streamlining its sourcing and procurement processes to decrease the overall category spend and secure it’s future commercial success. The client wanted an in-depth understanding of the supply market in terms of supplier relationship management, supplier selection, and evaluation of potential suppliers in the sugar manufacturing market. Furthermore, the client was running into roadblocks identifying price negotiation opportunities and the top suppliers in the market space. Regardless of being one of the top players in the industry, the client lacked the insights to develop effective sourcing strategies with optimal vendor relationships and risk management.
Procurement Insights and the Outcome
To effectually execute the supply market intelligence study, SpendEdge deployed a team of highly experienced analysts with a detailed understanding of the local as well as the global supply market landscape for the specific category. The research experts referred to a vast database of secondary resources including industry journals, news articles and periodicals, webinars, and internal databases to analyze the supply market landscape. This was followed by a detailed discussion with the category experts, procurement managers, and consultants to understand the latest market trends, supply market overview, category cost drivers, and value chain analysis.
In a short span of four weeks, the F&B company gained actionable insights into the supply market across the Americas, EMEA, and APAC regions, along with cost reduction and price negotiation strategies. This supply market intelligence study also helped the client identify top suppliers of sugar in the target regions, analyze their contractual terms, and understand the performance evaluation criteria which helped them with better supplier relationship management.
This case study offers comprehensive information on how our supply market intelligence helped the client with insights into the supply market landscape