DFI Retail Group
DFI Retail Group is a leading pan-Asian retailer that touches almost every aspect of people’s lives. The group operates in 13 countries and territories, with over 10,600 outlets and employ some 216,000 team members.
Challenge
As a company that needs to plan purchases as strongly as possible, DFI Retail Group knows the importance of saving money when sourcing its raw materials. Minimizing exposure to price risk is vital when it comes to maximising profit margins.
The service from Mintec Analytics provides DFI Retail group with an easy-to-use platform to keep track of the prices of key commodities as well as the power to stay ahead of competitors thanks to the forecasting tool.
Solution
Expana is an independent provider of commodity market intelligence. Their online services support a growing number of companies in achieving competitive advantage through superior management of commodity markets.
The insights provide users with a holistic overview of key commodity markets and tangible hedging recommendations, upon which clients can navigate the market.
Benefits
Mintec Analytics has allowed the procurement team in DFI Retail Group to be able to save costs by being prepared to make purchases at the best possible time. The Forecasting element of Mintec Analytics helps DFI Retail Group to know when to expect any changes of price trend and can therefore plan accordingly.
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An indispensable tool for any company or organization dealing with purchasing commodities.
Jamie Walker
Chief Commercial Officer