5 Strategies FMCG Procurement Managers Must Implement in 2024
With factors like severe weather conditions, governmental regulations and geopolitical tensions contributing to price volatility, identifying the best buying decisions becomes increasingly challenging.
Given these challenges, Vesper brings you '5 tactics FMCG Procurement Managers Should Adopt in 2024.'
This guide is designed to deliver practical tools and actionable insights, empowering procurement managers to navigate the volatile dynamics of the global agri-commodity markets.
Unlock valuable tools and insights
This guide provides Procurement Managers with five effective tactics to navigate challenges in volatile agri-commodity markets. To support these tactics, Vesper details some practical tools, including:
- The Price Comparison Tool
- AI-Forecasts
- Import/Export Widget
- Market Analyses
- Vesper Price Index (VPI)
- Price Drivers Widget
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Every week, I look at the Vesper Price Index (VPI), and I can observe if we’re still aligned with the market or if we have to change anything in our pricing strategy.
Kristian Kabel
- Head of Sales at
- Lactoprot Germany
Vesper is an excellent benchmark for buyers to double-check whether the quotes they get represent the market.
Yue Li
- Market Intelligence Manager at
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Dale Mills Jr.
- Vice President of Sales at
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Huey van Vliet
- Sales Manager at
- Fonterra Europe
Because dairy prices fluctuate, understanding the data and making smart decisions has become tricky. By providing transparent data, Vesper helps me improve my negotiation skills and increase our company’s margins.
Kiruba Tinakararajan
- Business Development Manager at
- Uno Nutrition
I like the user-friendliness and the ability to see all the relevant market data and forecasts in a simple dashboard.
Huey van Vliet
- Sales Manager at
- Fonterra Europe
I compare my purchasing budget with the latest prices displayed in the Forward VPI to make the best hedging decisions.
Ricardo Arellano
- Risk Manager at
- Oleofinos
Vesper enhances our understanding of the EU and Oceania, filling any knowledge gaps and providing insights.
Dale Mills
- Jr. VP of Sales at
- DFA
Vesper's calculations forecasted market supply, aiding us in explaining price establishment to our customers in advance.
Ewald Bontje
- Owner at
- Grozette
What is Vesper?
Vesper, vespertool.com, is a commodity intelligence platform that transforms difficult-to-understand data into easy-to-digest intelligence and actionable insights, enabling users to back their decisions with facts. The insights provided by our market analysts in this report are backed-up by Vesper’s real-time and difficult to find data.
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