As a leading supplier to the foodservice sector, Brakes saw the challenge to establish and understand its procurement position, to reflect the volatile nature of food commodities within a rapidly evolving market. That’s why in 2013 the original BMPI - Brakes Mintec Price Index concept was first conceived helping Brakes to respond to market volatility and enhance their buying position.
To deliver on this expectation, the procurement team needed a reliable independent view of the market to monitor the performance of its procurement function, with the highest level of credibility, backed by independent data, in order to gain the confidence of all stakeholders. The result was over 700 product cost models were created by Mintec, using data from Procurement and Category platform.
The BMPI gives Brakes a strong foundation for its procurement position within the market and enables its managers and leaders to make informed strategic decisions. Procurement teams are able to target specific areas, improving Brakes’ competitiveness through cost savings, re-sourcing or value creation using the insight that BMPI provides. The BMPI helps their customers by giving them confidence that Brakes'price moves are market relevant.
See how Mintec has implemented Compass Group's raw materials and commodity price tracking services through Mintec Analytics, its proprietary commodity price dashboard and analytics platform.
See how Mintec implemented AMS' raw materials and commodity price tracking services through Mintec Analytics, its proprietary commodity price dashboard and analytics platform.