Beumer Group

A lack of accurate forecasting tools meant that Beumer’s procurement teams could only speculate on what commodity prices would be in the coming months and years. The global strategic procurement team at Beumer wanted to appoint a professional provider to deliver market intelligence that would provide the business with greater confidence in its pricing strategy.

The key benefit of working with Expana is the provision of strategic procurement in support of business decision-making across all areas of the business. Access to price forecasts and analysis has enabled Beumer to develop its purchasing and pricing strategy. The Expana forecasting solution has helped Beumer improve its business results by enabling them to proactively adjust prices to ensure cost increases are covered. Furthermore, when the costs of materials have been reduced, the business has been able to respond quickly to remain competitive and win more projects.

The Expana data and forecasts help the strategic procurement team prepare for supplier negotiations by delivering actionable market intelligence. The negotiations have delivered cost savings to the business, and as a result, Beumer has seen a high impact on the group’s financial results. Using the Expana price forecasting tool has been the right decision for Beumer, becoming an integral part of the way the procurement team works.