Future-proof your procurement process with Fastmarkets

In the food and beverage industry, while consumer demand remains consistently high, the primary hurdles lie in managing supply. Procurement professionals in the food and beverage sector grapple with inflation and supply chain disruptions, requiring them to carefully budget category spend under pressure to meet allocated budgets. On top of that, as price takers, procurement teams often struggle when suppliers lack transparency, making it difficult to justify cost increases and implement effective cost management strategies.

Having the right insights on raw material prices and trends is key to making informed procurement decisions and gaining an edge in the industry. The following checklist aims to help you create effective procurement strategies.

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