As one of the world’s largest retailers, the Tesco commercial teams did not have the necessary time, resources or internal ability to fulfil their own market intelligence needs in pursuit of providing customers with the best quality products at competitive prices. They needed an organisation they could speak to on a regular basis, a system that provided a global view across thousands of raw materials - and a support team that could respond immediately to various complex questions.
Tesco identified Mintec as a provider or reliable and independent market intelligence and price analytics for commodities delivered via a sophisticated platform and with quality customer care that no one else in the market matched. Mintec insights have supported the Tesco purchasing team to make informed procurement decisions and plan successful product strategies, in a time and cost-effective manner.
Mintec data has become integral to Tesco’s procurement and product strategies. Through the breadth of data and insight, Mintec supports the Tesco commercial teams (from fresh to frozen and packaging). Instant access to independent prices, and the ability to access a suite of advanced analytics tools has freed up valuable time and resources, enabling the procurement team to focus on their core roles: negotiations, formulating products and supply strategy.
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