Food & Beverage

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Food and Beverage Industry Overview

Globally, food and beverage companies face a dynamic future with constant challenges to reduce costs, procure effective services, manage volatility, and find novel ways to keep consumers engaged and loyal. Improving visibility across the supplier chain, marketing, and logistics are the key areas of focus in future procurement decisions. With the help of our effective procurement intelligence services, clients can reap the benefits of high ROI and analyze the dynamic demand-supply landscape to procure the best services in the F&B industry. SpendEdge’s procurement market intelligence services are tailored around helping category managers gain access to actionable insights that can help them improve their sourcing and procurement decision making. Furthermore, by providing actionable procurement market intelligence services, we help clients overcome sourcing challenges and mitigate procurement risks.

Sectors Covered

Food

Through effective procurement analysis, we have come to recognize the unique procurement challenges that the food industry is currently facing. Such procurement pain points include fluctuating supply chain pricing and maintaining the food product’s quality, freshness, and safety. Our well-structured procurement intelligence services allow food companies to control and effectively manage their expanding and increasingly complex global supply chains to procure better services for effective business decision making and competitive advantage.

Beverage

Price volatility, security of supply, and related risks pose significant challenges for beverage manufacturers. Also, intense competition and rapidly expanding product portfolios require beverage manufacturers to sustain thin profit margins. With the help of our well-crafted procurement intelligence services, we help category managers understand the dynamics affecting the industry to streamline processes, establish effective SLAs, meet quality standards, and reduce procurement costs.

Packaging

Due to the rising customer demand for higher-quality products, fluctuating online shopping behavior, and cost management in volatile and highly competitive markets, the procurement of strategic sourcing spends and practices is gaining traction. Our market intelligence solutions are aimed at providing clients with a holistic approach to procurement involving procurement technology, strategic sourcing, and procurement outsourcing so that they can develop a stronger procurement infrastructure while realizing savings.

Direct and Indirect Spend Categories

Direct Materials Procurement

  • Agricultural raw materials
  • Dairy products
  • Active ingredients
  • Sweeteners
  • Flavouring materials
  • Additives
  • Preservatives
  • Sucrose
  • Starch

Packaging Materials Procurement

  • Bottles
  • Aluminum bags/pouches/foils
  • Paper
  • Cartons
  • Labels
  • Plastic containers/caps
  • Cans and Closures
  • Glass (molded and tubular)
  • Corrugated board
  • Shrink wrap

Indirect Spend

  • Facility management services
  • Facility equipment and supplies
  • Corporate services
  • Professional services
  • Marketing
  • Travel and entertainment
  • Telecom and networking
  • IT services
  • Office supplies and equipment
  • Computers and peripherals
  • Logistics and transportation
  • Utilities

Trusted by Industry Experts

I was impressed with the quality of market analysis information, procurement strategies comparison, pricing insights and also the non-scope added material regarding Covid-19 impact on Fuel procurement. This information has been very useful for us to decide the best procurement strategy.

Sourcing Director

Leading F&B Company

Case Study: Leveraging Price Forecasting Analysis on Future Trends and Price Variations for a Soybean Oil Manufacturer

Case Study: Contract Management – Driving Better Fiscal Management and Revenue Recognition in the Food and Beverage Industry

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Getting Down To Business

We help F&B category managers improve visibility across the supplier chain, marketing, and logistics. Let us help you as well.

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