Associated British Foods case study

Associated British Foods is a leading multinational food processing and retailing company. It is the world's second-largest producer of both sugar and baker's yeast - and a major producer of other ingredients including emulsifiers, enzymes and lactose.

The Challenge

CHALLENGE

Understanding and mitigating risk across the entire supply chain is crucial for manufacturers. Ensuring their procurement teams have visibility on raw material pricing and cost drivers is fundamental to their cost-planning strategy, particularly given that suppliers often provide their own prices and costs, making it difficult to benchmark in many markets.

The Solution

Solution1

Mintec Analytics enables manufacturers to access reliable price data and analytics tools, including cost modelling, category management dashboards and price change reporting. These tools enable manufacturers to easily benchmark pricing using Mintec’s independent price data, making supplier conversations more collaborative and cost considerations more transparent.

The Benefits

Benefits1

For many food manufacturers, Mintec data has become an integral part of their procurement teams, helping strengthen their negotiating capabilities with key suppliers, saving them significant time and increasing internal efficiencies. Manufacturers are able to better plan and mitigate risk across the multitude of product lines and sectors, using Mintec’s Cost Modelling tool and Price Change Reports.