Case Study: SPAR improves procurement efficiency with Mintec

How Mintec helped Spar track raw material prices across the food spectrum to save time and money by driving procurement efficiencies and reduce supplier cost

SPAR International, the global retail and wholesale group, needed a consistent, independent source of market intelligence to track a wide range of raw material prices across categories such as dairy, meat, ingredients, oils, and fats. As an international buyer, SPAR wanted a solution that could be used across its global sites and support procurement decisions with reliable, up-to-date data. Mintec provided the price data and analytics platform used to address this challenge.

Mintec implemented commodity dashboards, cost modelling, and price change reporting to give SPAR easy access to accurate market prices, market intelligence, and analysis tools. As a result, SPAR reduced time spent gathering and analysing data, strengthened supplier negotiations, and improved procurement efficiency. Mintec says its solutions can deliver up to a 10x ROI, helping SPAR control spend more consistently and make buyers across the world more informed.

SPAR

Wouter Lefevere

Head of International Buying