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Baked Goods

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Mintec has provided valuable visibility of the behaviour and trends of the markets of our key cost drivers and commodities. The setup was simple and straight forward and the system itself is very user friendly. The training provided was both detailed and relevant.

Mintec Customer

 

“Mintec has provided valuable visibility of the behaviour and trends of the markets of our key cost drivers and commodities. The setup was simple and straight forward and the system itself is very user friendly. The training provided was both detailed and relevant.”

Mintec Customer

 

UB
Kambly
Greggs
warbutons
continental
st pierre
UB
Kambly
Greggs
warbutons
continental
st pierre


Some of the way baked goods manufacturers like Leipurin, Vandemoortele, United Biscuits, Biscuits Bouvard, Groupe Poult and Continental Bakeries are responding to disruption is by looking to improve the cost control, efficiency and risk management processes in procurement.

The Challenge

Challenge1

Manufacturers are finding that they have blind spots in their data for key ingredients and flavourings such as vanilla. These ingredients often represent significant spends to the business, and negotiating the best price based on current market conditions is essential.

A lack of price visibility for these key ingredients restricts their ability to benchmark these market prices to actual supplier prices, preventing cost saving opportunities from being identified. Potentially resulting in higher costs and increased competitive risk.

Ultimately, restricting the companies’ ability to adapt its buying strategy and buyers to negotiate effectively with suppliers.

The Solution

solution1

Mintec implemented its raw materials and commodity price tracking services through Mintec Analytics, its proprietary commodity price dashboard and supply analytics platform.

Mintec Analytics gives them access to:

  • Integrated raw material and commodity analysis

  • Personalised price dashboards for supplier contract management

  • Market insight, short-term outlooks and extensive price data

  • Fast reporting to help you access the information you need

  • Benchmarking supplier pricing across a range of commodities



 

The Benefits

benefits3
Mintec data and procurement tools have become an integral part of our customers' procurement and product strategies. The breadth of data and access to the insight it provides supports their commercial teams. It helps them free-up valuable time and resources to focus on their core roles – sales, supplier negotiations, and supply strategy.

By be being able to use the resources in Mintec Analytics, they are better able to track prices in these markets and benchmark their suppliers. This ensures they are better able to control their costs and remain more competitive.



 

Baked Goods Customer

We have found Mintec to be an invaluable part of our purchasing strategy, budgeting and supplier negotiations.

Data Category Guide

Critical food ingredients and raw materials for the Baked Goods sector

How data-driven insight is changing the world for Baked Goods sales, operations & procurement teams.

Get the guide here >

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