A lack of accurate forecasting tools meant that Beumer's procurement teams could only speculate on what commodity prices would be in the coming months and years.
The global strategic procurement team at Beumer wanted to appoint a professional provider to deliver market intelligence that would provide the business with greater confidence in its pricing strategy.
The key benefit of working with Mintec is the provision of strategic procurement in support of business decision-making across all areas of the business. Access to price forecasts and analysis has enabled Beumer to develop its purchasing and pricing strategy.
The Mintec forecasting solution has helped Beumer improve its business results by enabling them to proactively adjust prices to ensure cost increases are covered. Furthermore, when the costs of materials have been reduced, the business has been able to respond quickly to remain competitive and win more projects.