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, TGI 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
Procurement professionals in the food and beverage industry can streamline and improve the online tendering process through intuitive sourcing software.
Procurement professionals in the food and beverage industry can streamline and improve online auction processes with intuitive eAuction software.
Collect, store and manage all supplier information needed by procurement professionals in the food and beverage industry through a streamlined solution.
Efficiently centralise, manage and approve all supplier contract data required by procurement professionals in the food and beverage industry.
Track and evaluate supplier performance against the KPIs that matter the most to procurement professionals in the food and beverage industry.
Procurement professionals in food and beverage can automate supplier product information collection using a cloud-based solution.
Procurement professionals in food and beverage can streamline new product development processes with cloud-based software.
Suggested Content...
Take a look at these resources to find out how ARCUS® supplier management software has benefited procurement professionals in the food & beverage industry.
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.
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Case Study
Drax Power, who runs Europe’s biggest biomass-fuelled power station, used to manage their supplier service and product auctions using a combination of spreadsheets and paper-based systems.
This meant that auctions were not configured in a standardised format and information was difficult to locate, leading to inefficiencies within the procurement department.
They now run eAuction events using ARCUS® eAUC, a cloud-based module that encourages competitive online negotiations, leading to reduced procurement costs and improved visibility throughout the negotiation process.
Thanks to the cloud-based nature of ARCUS® eAUC, Drax Power now has the capacity to negotiate with more suppliers on a global scale and on a real-time basis.