Case Study: Colruyt Group achieves better price visibility and stronger supplier negotiations with Mintec

How Colrupt tracked price movements across a wide range of products which has enabled the procurement team to control its supplier cost better

Colruyt Group, the Belgian food and non-food retailer behind Colruyt Lowest Prices, needed a stronger way to source fruit and vegetables and validate supplier price changes across varying specifications, seasons, and geographies. To improve price visibility and support negotiations, the procurement team turned to Mintec Analytics from Mintec for independent market price insight.

Mintec helped Colruyt Group track price movements across a wide range of products, build custom dashboards and product recipe cards, and compare historic prices by product and region. With Mintec’s independent pricing data, Colruyt’s buyers were better able to benchmark suppliers, defend unsupported increases, and negotiate with greater confidence, delivering improved cost control and significant savings.

Colruyt Group