- Consumer Goods & Retail
Transforming Procurement: How Advanced Dashboards & Forecasting Models Helped a Leading F&B Giant Tackle Commodity Volatility
Challenge
A leading global Food & Beverage company faced significant procurement challenges across 80+ essential commodities, including metals, paper, and packaging materials. The client needed a solution to validate supplier price changes and stay updated on market trends. Additionally, the client stakeholders sought insights into niche suppliers across Europe to enhance procurement efficiency and ensure supplier stability.
Solution
With a vision to improve category management & strategic sourcing, STATXO developed a tech-enabled solution featuring a web-based dashboard. This dashboard enabled category managers with targeted insights to make proactive informed decisions on the Supply Market, Contracting Analysis, Sourcing Best Practices, and Supplier Analysis & Scorecards.
Testimonial
“STATXO’s support in providing regular category & commodity insights via tailored dashboards helped our sourcing team in data driven strategy building for multiple categories and effective negotiations with suppliers. Also, the insights are not limited to a small section of the business, but globally accessed by respective sourcing managers.” – VP Procurement, EMEA
Overview
Discover how STATXO's data-driven approach empowered a leading global Food & Beverage company to navigate commodity price volatility and improve supplier management.
Impact
The solution helped the client mitigate price volatility risks, leading to improved financial planning & significant cost savings of up to €500K. Supplier performance monitoring strengthened relationships and ensured greater stability, while AI-driven data extraction boosted operational efficiency. Enhanced category insights enabled category managers to adopt best practices, further optimizing procurement strategies and securing long-term success.
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