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CASE STUDY FOOD MANUFACTURER
The Mintec Forecast Service
delivers comprehensive
analysis and clear hedging
recommendations that
enables our company to make
data-driven decisions.
Danijel Banek
Executive Director Central Purchasing
⁄ABOUT ATLANTIC GRUPA
⁄THE CHALLENGE
⁄MINTEC’S SOLUTION
Atlantic Grupa is the leading food company in the
Adriatic region. Headquartered in Zagreb, Croatia
it has production plants across five countries and
companies in eight countries. Atlantic Grupa employs
more than 5000 people.
Atlantic Grupa used its suppliers and various
sources of information such as newspapers and
data providers to find out what was going on in the
commodity market. The main problem with these
sources was that they did not monitor commodity
markets from the buyer’s perspective and the
insights into commodity markets were too general.
Another challenge was that some of the available
sources were not fully objective or independent, which
could make the information provided by the sources
questionable or untrustworthy.
As a company that is extremely exposed to commodity
volatility due to its production materials portfolio,
Atlantic Grupa has to, not only minimize the risk
of commodity price increases but also, use the
commodity markets’ volatility as the source of its
competitive advantage.
The service provides Atlantic Grupa with all required
analyses and clear hedging recommendations which
enables the company to make data-driven decisions.
The service has become an indispensable tool and
source of information for every Category Manager
and Buyer of Atlantic Grupa. Every new subsidiary
gets access to the service right after being acquired by
Atlantic Grupa.
⁄THE BENEFITS
After Atlantic Grupa started using the service, it
succeeded in standardizing commodity market
forecasting used for budgeting its production materials
and related hedging decisions.
Atlantic Grupa’s procurement department improved its
credibility internally amongst its internal stakeholders.
The service helped align procurement across the
company, by standardizing market analyses and
commodity risk monitoring. The service also helped
Atlantic Grupa streamline the budgeting process,
where commodity price forecasting is a key step in the
entire planning process.
Likewise, Atlantic Grupa’s negotiations with its
suppliers also enjoyed strengthened credibility.
These negotiations became based on information
derived by the analyses obtained from the service,
Equipping Atlantic Grupa with knowledge on current
and future commodity markets. This garnered
respect for Atlantic Grupa’s negotiation position,
thereby becoming a great asset in this process.
The service allowed Atlantic Grupa to navigate
commodity markets with greater agility and awareness
Mintec Analytics should be
an indispensable tool for any
company or organization dealing
with purchasing commodities
This secures a unified view of commodities among the
employees, adding further value to the business.
MINTEC ANALYTICS
W W W . M I N T E C G L O B A L . C O M
Every food product tells a story.
Making informed
decisions on price means
being mindful of market
conditions. To negotiate
successfully, you need
to have all the relevant
information.
But time is limited to
prepare analyse for
complex negotiations.
Meaning suppliers
& customers can’t
always agree on
price.
A lack of transparency
makes it hard to
identify their real cost.
So understanding
the real price of
raw materials is
difficult.
Because the food
products you buy
come from different
sources & suppliers.
They’re exposed to
different market
conditions.
1 2 3 4
9"41 AM
Mintec Analytics
Mintec Analytics provides retailers & manufacturers
with +15,000 independent global prices & intelligence tools for food ingredients & soft commodity markets.
From supply & demand to currency,
interest rates & political stability - get
birds-eye view of key drivers across your
category of interest. Access historic
current and forecast views for each.
View price volatility & understand
primary cost drivers to better manage
risk, assess supply chain impact &
indentify more efficient alternatives.
UNLOCK INSIGHTS
MANAGE RISK
Strengthen your approach & inform
your longer-term strategies by
pinpointing future trends & gaining
a better understanding of where the
market is heading.
Self-serve data visualisation tools &
bespoke dashboards enhance the way
you digest, present & share data with
your team or across the wider business.
TREND MOVEMENTS
REPORT & ANALYSIS
Strengthen your negotiating power
with suppliers with instant access to
independent market pricing & data to
inform competitive purchasing strategies.
View & retrieve data quickly plus
simplify & automate complex modelling
& analysis with dynamic reports, custom
alerts & comprehensive
negotiations packs.
PRICE CLARITY
WIN BACK TIME
MINTEC ANALYTICS
W W W . M I N T E C G L O B A L . C O M
Every food product tells a story.
Making informed
decisions on price means
being mindful of market
conditions. To negotiate
successfully, you need
to have all the relevant
information.
But time is limited to
prepare analyse for
complex negotiations.
Meaning suppliers
& customers can’t
always agree on
price.
A lack of transparency
makes it hard to
identify their real cost.
So understanding
the real price of
raw materials is
difficult.
Because the food
products you buy
come from different
sources & suppliers.
They’re exposed to
different market
conditions.
1 2 3 4
9"41 AM
Mintec Analytics
Mintec Analytics provides retailers & manufacturers
with +14,000 independent global prices & intelligence tools for food ingredients & soft commodity markets.
From supply & demand to currency,
interest rates & political stability - get
birds-eye view of key drivers across your
category of interest. Access historic
current and forecast views for each.
View price volatility & understand
primary cost drivers to better manage
risk, assess supply chain impact &
indentify more efficient alternatives.
UNLOCK INSIGHTS
MANAGE RISK
Strengthen your approach & inform
your longer-term strategies by
pinpointing future trends & gaining
a better understanding of where the
market is heading.
Self-serve data visualisation tools &
bespoke dashboards enhance the way
you digest, present & share data with
your team or across the wider business.
TREND MOVEMENTS
REPORT & ANALYSIS
Strengthen your negotiating power
with suppliers with instant access to
independent market pricing & data to
inform competitive purchasing strategies.
View & retrieve data quickly plus
simplify & automate complex modelling
& analysis with dynamic reports, custom
alerts & comprehensive
negotiations packs.
PRICE CLARITY
WIN BACK TIME

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Atlantic Grupa Case Study (Mintec Data AI)

  • 1. CASE STUDY FOOD MANUFACTURER The Mintec Forecast Service delivers comprehensive analysis and clear hedging recommendations that enables our company to make data-driven decisions. Danijel Banek Executive Director Central Purchasing ⁄ABOUT ATLANTIC GRUPA ⁄THE CHALLENGE ⁄MINTEC’S SOLUTION Atlantic Grupa is the leading food company in the Adriatic region. Headquartered in Zagreb, Croatia it has production plants across five countries and companies in eight countries. Atlantic Grupa employs more than 5000 people. Atlantic Grupa used its suppliers and various sources of information such as newspapers and data providers to find out what was going on in the commodity market. The main problem with these sources was that they did not monitor commodity markets from the buyer’s perspective and the insights into commodity markets were too general. Another challenge was that some of the available sources were not fully objective or independent, which could make the information provided by the sources questionable or untrustworthy. As a company that is extremely exposed to commodity volatility due to its production materials portfolio, Atlantic Grupa has to, not only minimize the risk of commodity price increases but also, use the commodity markets’ volatility as the source of its competitive advantage. The service provides Atlantic Grupa with all required analyses and clear hedging recommendations which enables the company to make data-driven decisions. The service has become an indispensable tool and source of information for every Category Manager and Buyer of Atlantic Grupa. Every new subsidiary gets access to the service right after being acquired by Atlantic Grupa. ⁄THE BENEFITS After Atlantic Grupa started using the service, it succeeded in standardizing commodity market forecasting used for budgeting its production materials and related hedging decisions. Atlantic Grupa’s procurement department improved its credibility internally amongst its internal stakeholders. The service helped align procurement across the company, by standardizing market analyses and commodity risk monitoring. The service also helped Atlantic Grupa streamline the budgeting process, where commodity price forecasting is a key step in the entire planning process. Likewise, Atlantic Grupa’s negotiations with its suppliers also enjoyed strengthened credibility. These negotiations became based on information derived by the analyses obtained from the service, Equipping Atlantic Grupa with knowledge on current and future commodity markets. This garnered respect for Atlantic Grupa’s negotiation position, thereby becoming a great asset in this process. The service allowed Atlantic Grupa to navigate commodity markets with greater agility and awareness Mintec Analytics should be an indispensable tool for any company or organization dealing with purchasing commodities This secures a unified view of commodities among the employees, adding further value to the business.
  • 2. MINTEC ANALYTICS W W W . M I N T E C G L O B A L . C O M Every food product tells a story. Making informed decisions on price means being mindful of market conditions. To negotiate successfully, you need to have all the relevant information. But time is limited to prepare analyse for complex negotiations. Meaning suppliers & customers can’t always agree on price. A lack of transparency makes it hard to identify their real cost. So understanding the real price of raw materials is difficult. Because the food products you buy come from different sources & suppliers. They’re exposed to different market conditions. 1 2 3 4 9"41 AM Mintec Analytics Mintec Analytics provides retailers & manufacturers with +15,000 independent global prices & intelligence tools for food ingredients & soft commodity markets. From supply & demand to currency, interest rates & political stability - get birds-eye view of key drivers across your category of interest. Access historic current and forecast views for each. View price volatility & understand primary cost drivers to better manage risk, assess supply chain impact & indentify more efficient alternatives. UNLOCK INSIGHTS MANAGE RISK Strengthen your approach & inform your longer-term strategies by pinpointing future trends & gaining a better understanding of where the market is heading. Self-serve data visualisation tools & bespoke dashboards enhance the way you digest, present & share data with your team or across the wider business. TREND MOVEMENTS REPORT & ANALYSIS Strengthen your negotiating power with suppliers with instant access to independent market pricing & data to inform competitive purchasing strategies. View & retrieve data quickly plus simplify & automate complex modelling & analysis with dynamic reports, custom alerts & comprehensive negotiations packs. PRICE CLARITY WIN BACK TIME MINTEC ANALYTICS W W W . M I N T E C G L O B A L . C O M Every food product tells a story. Making informed decisions on price means being mindful of market conditions. To negotiate successfully, you need to have all the relevant information. But time is limited to prepare analyse for complex negotiations. Meaning suppliers & customers can’t always agree on price. A lack of transparency makes it hard to identify their real cost. So understanding the real price of raw materials is difficult. Because the food products you buy come from different sources & suppliers. They’re exposed to different market conditions. 1 2 3 4 9"41 AM Mintec Analytics Mintec Analytics provides retailers & manufacturers with +14,000 independent global prices & intelligence tools for food ingredients & soft commodity markets. From supply & demand to currency, interest rates & political stability - get birds-eye view of key drivers across your category of interest. Access historic current and forecast views for each. View price volatility & understand primary cost drivers to better manage risk, assess supply chain impact & indentify more efficient alternatives. UNLOCK INSIGHTS MANAGE RISK Strengthen your approach & inform your longer-term strategies by pinpointing future trends & gaining a better understanding of where the market is heading. Self-serve data visualisation tools & bespoke dashboards enhance the way you digest, present & share data with your team or across the wider business. TREND MOVEMENTS REPORT & ANALYSIS Strengthen your negotiating power with suppliers with instant access to independent market pricing & data to inform competitive purchasing strategies. View & retrieve data quickly plus simplify & automate complex modelling & analysis with dynamic reports, custom alerts & comprehensive negotiations packs. PRICE CLARITY WIN BACK TIME