ARCUS® SSM allows procurement professionals in the food & beverage industry to streamline strategic sourcing management through a cloud-based solution.
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Food & Beverage
Companies in the food and beverage sector often have long and complex supply chains, meaning that managing these and ensuring compliance throughout the supply base can be a difficult and time-consuming process. By the very nature of their business, food and beverage companies source ingredients, products and services from across the globe to ensure best value and quality to customers. This can result in a substantial amount of administration, including paperwork, telephone calls and emails to suppliers to highlight and verify supply chain risks. Some of these compliance risks include allergens, modern slavery, anti-bribery, sustainability, nutrition, veganism, Halal and Kosher, as well as supplier manufacturing site accreditation and insurance.
Trade Interchange’s ARCUS® supplier management software enables procurement professionals within the food and drink sector to collect and verify large amounts of documentation and certifications to ensure that approved suppliers can deliver the services, ingredient or products requested, whilst complying with government legislation, industry guidelines and company policies at the best market value.
Why ARCUS®?
- Automate supplier on-boarding with no re-keying of data required
- Central repository for supplier information at a supplier, manufacturing site and product level
- Bi-directional approval workflows increase efficiency of supplier approvals and management
- Protect brand reputation and manage supplier risk
- Full visibility across sourcing, supplier relationships and products in a single platform
- Integration with key industry systems including recipe management, risk and contract tools
Improve supplier management for procurement professionals in food & beverage
ARCUS® Supplier Management Software, hosted in the cloud by Trade Interchange, has been proven to work in the food and beverage sector and delivers supply base confidence for the likes of Whitbread, Costa Coffee, Fridays, Domino’s Pizza, and AAK through a streamlined solution.
ARCUS® has been developed to provide the additional depth of functionality required by heavily regulated industries such as Food and Beverage. In addition to the core functionality of ARCUS®, which works across all industries, food and beverage organisations can benefit from industry-specific plug-ins such as Manufacturing Site Information and Manufacturing Site Audit, and modules such as Product Information Management and New Product Development.
ARCUS® has been designed and evolved by working with organisations in the food and beverage industry. This has helped us to address some of the major pain points professionals working in procurement face when sourcing suppliers and products to meet existing and future needs.
The Software as a Service proprietary platform enables professionals in multiple departments to collect, evaluate and manage information from their direct suppliers. All the information is stored in the central database which enables all stakeholders and relevant professionals to access the data at any time (based on company-driven access levels) and removes silos of information.
It is vital that food and beverage companies evidence of the provenance and the contents of the products they purchase. This can include the location of production or manufacture, the processes in place at each manufacturing site, potential contamination risks, complete ingredient lists, packaging and storage requirements. Ensuring that suppliers are providing accurate and up-to-date information is essential. Using artificial intelligence, ARCUS® can scan key food and beverage documentation as it is uploaded by suppliers, verifying that the right certificate has been submitted and that the dates and values are valid.
Providing a complete end-to-end supplier management solution for the food and beverage sector, the ARCUS® platform includes eight individual modules that can be implemented standalone, in any combination or in any order that can be categorised into three separate families; ARCUS® Source, ARCUS® Supply and ARCUS® Product.
More information on the modules is shown below.
Source
Supply
Product
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Take a look at these resources to find out how ARCUS® supplier management software has benefited procurement professionals in the food & beverage industry.
"ARCUS® SIM has proven to be a key tool in helping our procurement team collect, manage and verify, with confidence, the large volumes of supplier information needed to ensure our suppliers meet our sustainability and ethical purchasing practices."
Paul Clutton, Supply Chain & Procurement Director, Costa CoffeeAre you ready to streamline your supplier management?
Trade Interchange is here to help you, request a meeting now.
Case Study
Costa operates in one of the most challenging areas in the food and beverage industry for supplier selection. Costa uses ARCUS® SIM to help the procurement team to fully assess the large numbers of documents per supplier required to confidently approve suppliers.
ARCUS® SIM provides a central repository and features a full audit trail of the actions, enabling Costa to evidence their suppliers’ sustainable and ethical credentials, including the provision of modern slavery, child labour prevention and anti-bribery policies. Industry-specific certifications such as SEDEX, and soy and palm oil sustainability credentials, amongst others, are also collected.
To ensure suppliers remain compliant, Costa utilises automated reminders and escalation workflows to ensure that certifications and policies all remain in date and valid.