Case Study: The Beumer Group improves procurement decisions and pricing strategy with Mintec forecasting

The Beumer Group improves strategic procurement with Mintec for 4,500 employees across 70+ countries

The Beumer Group, an international leader in manufacturing intralogistics systems, faced a challenge due to a lack of accurate forecasting tools. This meant its procurement teams could only speculate on future commodity prices. To gain greater confidence in its pricing strategy, Beumer sought to appoint a professional provider for market intelligence and chose to work with Mintec, utilizing their forecasting service.

Mintec provided Beumer with price forecasts, analysis, and clear hedging recommendations. This solution enabled the procurement team to make data-driven decisions, proactively adjust prices to cover cost increases, and respond quickly to cost reductions to remain competitive. As a result of using Mintec's data, Beumer achieved significant cost savings through improved supplier negotiations, which had a high impact on the group's financial results.

The Beumer Group