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Food & Beverage



Procurement Software for Food & Beverage Industry



After several years in a primarily defensive cost-cutting mode, the Food & Beverage industry is shifting back into growth mode.

The industry is investing more in technologies to exploit consumer Big Data analytics and eyeing new global markets for expansion. However, increasingly stringent regulatory frameworks - for example, the U.S. Food Safety Modernization Act - the ongoing commodity-price super cycle, disruptive technologies that can erode brand loyalty and ongoing demands from retailers to accelerate and optimize supply chains will keep pressure on F&B manufacturers’ profit margins.

Advanced F&B sourcing, procurement and supply management teams will focus on:

  • Protecting profits with commodity-price risk management, intelligent sourcing and process efficiencies.
  • Accelerating existing value/supply chains and developing new global supply chains to support expanding reach into emerging markets.


Empower your teams with 360-degree spend visibility, intelligent supplier discovery and sourcing, robust contracting and collaborative supplier relationship management.

 
Food & Beverage Industry Challenges
F&B sector challenges are plentiful but present many opportunities for procurement, sourcing and supply management to create competitive advantage.

Key challenges include:

  • Competing priorities as executives shift focus to growth, global expansion and investment in more consumer-facing (versus operational) technologies.
  • Developing fast, nimble and high-performing supply chains to enable greater responsiveness to insights being taken from Big Data market analytics.
  • Assuring strict regulatory compliance, supply-chain transparency and traceability.

 







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Other Industries of competence:
  Automotive  
  Chemicals & Pharmaceuticals  
  Electrical, Electronics & Home Appliances  
  Retail  






































 

Markit Global Sector PMI   -  IHS Markit
   (Last update: 15 Dec 2017)

Tech sector returns to top of global rankings in November