Over recent years, there have been various industry developments that served as or caused trends in procurement. These procurement trends include technology changes, novel strategic approaches, new processes, and necessary adaptations to change. As supply chains become increasingly complex, procurement has become highly crucial and influential in the production process and continues to grow.
Food and Beverage
SpendEdge’s procurement market intelligence reports offer the best procurement services to help category managers optimize their sourcing goals and ensure efficient value delivery.
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 market 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 solutions, we help clients overcome sourcing challenges and mitigate procurement risks.
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 market 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.
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.
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
- Flavouring materials
Packaging Materials Procurement
- Aluminum bags/pouches/foils
- Plastic containers/caps
- Cans and Closures
- Glass (molded and tubular)
- Corrugated board
- Shrink wrap
- Facility management services
- Facility equipment and supplies
- Corporate services
- Professional services
- Travel and entertainment
- Telecom and networking
- IT services
- Office supplies and equipment
- Computers and peripherals
- Logistics and transportation
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.
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.