quotes
Mintec provided the data, insight, forecasting that delivered accurate reliable and repeatable results that revolutionised the way the business conducted planning and responded to change.

Anders Søndergaard
Head of Global Strategic Procurement

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The Mintec Forecast Service delivers comprehensive analysis and clear hedging recommendations that enables our company to make data-driven decisions.

Danijel Banek
Executive Director Central Purchasing

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The Beumer Group is an international leader in manufacturing intralogistics systems for conveying, loading, palletising, packaging, sortation, and distribution. With 4,500 employees worldwide, the Beumer Group has annual sales of about €950 million.

The Challenge

Challenge1

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 Solution

solution1

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.


 

The Benefits

benefits3
The Mintec data and forecasts help the strategic procurement team prepare for supplier negotiations by delivering actionable market intelligence. The negotiations have delivered cost savings to the business, and as a result, Beumer has seen a high impact on the group's financial results.

Using the Mintec price forecasting tool has been the right decision for Beumer, becoming an integral part of the way the procurement team works.


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Quote from Brakes

The forecasting feature from Mintec has become an integral part of the way we work. We believe It’s needed in all strategic procurement functions

 

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PLATFORM

Mintec Analytics

The spend intelligence you need, about the food products you buy, all in one place.

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