Resource Center Products Industries Solutions Company Contact Us The Food and Beverage Commodity Management Solution Manage enterprise position, coverage, and risk Home > Industries > Food & Beverage The Food and Beverage Commodity Procurement Solution – Commodity XL Raw Material and Commodity Procurement Food and beverage companies have faced rapidly rising and volatile commodity prices over the last few years which can harm profitability, shareholder value, and credibility with analysts. The traditional methods of handling rising raw material and energy costs, such as substituting cheaper materials in products and raising prices, might prove necessary, but do not take advantage of commodity management best practices to optimize margins. For organizations to be successful, the approach used by the Purchasing Department must be revamped from static “buy to budget” to a more proactive “market-based” procurement and risk management program. The Food and Beverage Commodity Management Solution Procurement Commodity XL® is the leading commodity and enterprise risk management solution for procurement to balance between profitable purchasing, coverage requirements, supply chain movements, risk management policies, and accounting regulations in today’s volatile and complex environment. Integrated Demand Planning Commodity XL Strategic Planning and Procurement™ (SPP) manages, measures, analyzes, and reports supply coverage against the demand plan at both roll-up and granular levels. SPP maps hedge gains, losses, and costs to commodity purchases to understand and analyze the “true” P&L of finished products. RESOURCE CENTER Consumer Products Solution Brief Gartner Magic Quadrant for Energy Trading and Risk Management Platforms CXL Strategic Planning and Procurement Enterprise Risk Management Brochure Procurement Leaders Insight: Commodity Management COMMODITY MANAGEMENT BLOG Surging Corn Prices Shine a Light on Ethanol We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent. Cookie settingsACCEPT