Learn how a one-stop shop for information keeps an American multinational food, snack, and beverage corporation in business.
The Challenge
Our client’s global grains procurement department is responsible for purchasing grain commodities used to supply more than 100,000 individual stock keeping facilities, across hundreds of brands. The global grain procurement team is in large part responsible for keeping the business running, given that grains are used as inputs into the manufacturing of a significant number of the company’s products. It is mission-critical to ensure that grains are available exactly when they are needed at the best quality and price.
The Solution
The global grains procurement team’s key business requirement in the quest to achieve its objectives is information. They require up-to-date price information as well as data on all the key indicators that impact price.
To satisfy their information needs the global grains procurement team adopted IEG Vantage, subscribing to the Acreage and Production, Soybean, Feed Grains, Wheat, and Sugar and Cocoa channels. They also use Morning Comments, Weekly Wire, and the Executive Summary, all proprietary pieces of content available exclusively via IEG Vantage. In addition to these pieces of analysis, the team uses data for production, usage, balances, and ending stocks of the various commodities. These data sets help them form their own price forecasts which they benchmark against forecasts produced by IEG Vantage analysts.
The Results
Our client’s global grains procurement team has a one-stop location for multiple sources of data, including perspective presented by IEG Vantage’s analysts, data from the USDA and other public sources. Being able to locate all critical information on a single platform saves time, effort and resources.
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