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.
For details on our procurement solutions for the F&B industry, download brochure