Want to Identify Strategic Purchasing Practices for the US Food Service Industry? | Request a FREE Proposal from SpendEdge’s Experts
LONDON--(BUSINESS WIRE)--Jan 6, 2020--
SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on identifying strategic purchasing practices for a company in the US food service industry.
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The company wanted to address the suppressing profit margins. The key objectives of the engagement are mentioned below.
“Companies in the US food service industry must address commodity swings, increasing operator level costs, and rising input costs to drive incremental profitability,” says a procurement expert from SpendEdge.
Key findings and solutions offered
In collaboration with SpendEdge, the client – a company in the US food service industry – started using contract pricing and ensured the profitability for the higher-margin business. The solution offered helped them to:
Outcome: With SpendEdge’s solution, the client was able to identify strategic purchasing practices. They gained a comprehensive overview of sales and volume incrementality of GPOs relative to the lower overall margin. With our solution, the client audited trade-spending programs, ensured contract compliance, and reduced the leakage of funds. This helped the client to improve efficiency in terms of logistics and drop sizes. The sourcing process was further improved by associating with strategic suppliers.
To access the complete case study on how we helped a company in the US food service industry to identify strategic purchasing practices, read the complete case study here!
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SpendEdgeshares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20200106005023/en/
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INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
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PUB: 01/06/2020 12:09 PM/DISC: 01/06/2020 12:09 PM