SPAR

SPAR International needed to have access to a resource with a large breadth and depth of data enable them to keep track of various raw material prices across the food spectrum. SPAR International has a list of core indices that are used on a frequent basis as a part of their procurement activities. These exist predominately in the food market inclusive of dairy, meat, food ingredients, oils, fats and many more. The challenge for SPAR was to be able to access a consistent independent source to provide the required level of insight. As a company buying internationally, SPAR were keen to implement the solution across both SPAR International as well as advocating use of the same software across the various global sites.

Access to Expana services has enabled SPAR to implement a range of commodity dashboards providing access to price data that supports analysis including cost modelling and Price change reporting. Since the introduction of the combination of price data and analytical tools SPAR International has been able to:

• Track accurate and reliable market prices on relevant raw materials in one, easy to access location reducing internal time spent collating data and performing analysis.
• Use the advanced technical tools and market intelligence for supplier negotiations as well as the cost modelling tool.

Together, these are feeding into SPAR International’s goal to fill market data gaps as well as making buyers across the world more knowledgeable.

Expana data has become an integral part of SPAR International procurement and product strategies. It is the breadth of data and access to insight Expana provides that support the SPAR International commercial teams and free up valuable time resources so they can focus on their core roles – negotiation, supply strategy and formulating products.

SPAR International has approximately 350 private label SKUs. When purchasing, it is imperative to be able to track accurate market prices so that purchasing spend remains consistent with real market prices and is not volatile year on year. Using Expana has saved customers like SPAR International time and money by driving procurement efficiencies and helping to reduce supplier costs. On average, it’s estimated that an investment in Expana delivers a return on investment of up to a factor of 10.