The Food and Beverage industry (F&B) is facing higher ingredient and labor costs, greater global competition and weather volatility, along with more picky and price-sensitive consumers (e.g. millennials, middle class in developing countries) demanding healthier choices, greater visibility into labelling and supply sources.
Further, the F&B industry is moving towards a global industrial system of food production where a few large companies will control the majority of food supply and choices. Farmers and producers are more likely to be large corporations, and consumers are likely to be served by large global restaurants and retail chains.
A source-to-pay automation system can help sourcing professionals in food service providers automate sourcing, contract management, supplier management, location management, ordering, delivery, invoice management and price auditing processes. It can also help them with greater visibility to better manage stores, operators and sub-operators.
Managed direct and indirect spend by a leading supply chain service company
For one of the largest restaurant operators in Europe
Managed within the system by a major supply chain service company
— Director, Supply Chain Data Management, F&B Client