Track performance

Benchmark purchases against market prices.

7 articles

How to Set Commodity Budget Rates for 2027 (Futures vs. Forecast)

How to set commodity budget rates for 2027: blend covered and open volume, choose futures or forecast, add a stress band. Worked SMP and butter example.

Commodity Price Risk Management for Food Manufacturers: The 2026 Playbook

Commodity price risk management for food manufacturers: real 2026 price swings, a 5-step framework, which ingredients you can hedge and a maturity model.

Finding the right BI tools to optimize bakery procurement

Business Intelligence (BI) tools help bakery procurement teams make more informed, data-driven decisions and improve operational efficiency.

How to build your first cost model in Vesper: A complete guide for procurement managers

Master Vesper's cost models to track ingredient prices and manufacturing costs. Build your first model in less than 5 minutes.

Fonterra’s approach to commodity risk, index pricing and the future of dairy

Discover how Richard Allen, President of Fonterra Global Ingredients, deals with price volatility in the global dairy market.

Top 3 Most Used Datasets: How Vesper Supports Agricultural Procurement Managers in Strategic Buying

This article dives into the top 3 most used datasets that help procurement managers enhance their procurement strategies.

Effective Dairy Price Tracking: Top 3 Strategies

Stay ahead of the market and discover three key strategies for effective dairy price tracking, explained in this article.