Case Study: a Fortune 500 CPG firm achieves 5% quarterly savings on meat spend with The Smart Cube

Better contract management for meat category delivered quarterly savings of around 5%

The Smart Cube partnered with a Fortune 500 CPG firm that wanted to optimize spending and mitigate risks in its meat category. The client’s challenge was to achieve significant cost savings and assess potential hedging strategies to protect against anticipated price hikes in this volatile commodity area.

To address this, The Smart Cube developed a custom dashboard that forecasted beef and pork prices. They recommended the client proactively bring contracts forward to purchase next quarter's supplies at current rates. By implementing this strategy, the client avoided an additional €3 million in expenditure, achieving quarterly savings of 5% against their projected spend.