Case Study: Oleofinos boosts negotiation power and lowers purchasing costs with Vesper

Vesper’s Forward Vesper Price Index, Oleofinos increases its negotiation power and lowers its purchasing costs

Oleofinos, a company specializing in the production of high-quality vegetable oils, faced the challenge of developing a purchasing strategy for soy and palm oil that aligned with its budget. Operating in a non-transparent market, their risk manager spent excessive time gathering data to inform negotiations. To address this, they turned to the vendor Vesper and its Forward Vesper Price Index (Forward VPI) product.

By implementing Vesper's solution, Oleofinos gained a critical information advantage. The Forward VPI provided a reliable pricing benchmark, which significantly increased their negotiation power with suppliers. This allowed them to secure better prices, lower purchasing costs, and expand their pool of potential suppliers. The vendor Vesper empowered the company to make more informed hedging decisions and transform a difficult negotiation process into an efficient one.

Oleofinos

Ricardo Arellano

Risk Manager