Commodity Procurement

Food & Beverage Procurement Excellence

Commodity procurement is tricky. You need real-time visibility across your supply chain for multiple commodities from different countries – often for several business units and products. You need real-time position reports to minimize risk and traceability across the supply chain to confirm sustainable sourcing, ensure safety, and provide provenance.

Our long history managing procurement excellence for tea, spice and coffee companies ensures we understand the nuances of commodity procurement. Our software was developed to simplify the complexity around commodity procurement, and we have been helping some of the world’s largest food companies achieve procurement excellence for over 30 years.

Confectionary Company Transforms Business Processes

One of the world’s largest chocolate manufacturers needed a new commodity trading and risk management (CTRM) solution. Learn how a Fortune 500 food manufacturer improved risk management with iRely.

Commodity Sourcing

Reduced Risk

Monitor position in real time

Accurately account for costs with integrated accounting

Improve profit margins by limiting risk exposure

Automate position, risk and compliance reports with single click

Track risk and trade performance in real-time

Real-time Traceability

Track end products through the supply chain to point of origin

Certify sustainable initiatives

Ensure ethical sourcing

Food and Beverage CTRM Benefits

Gain real-time visibility to production forecasts and coverage

Adjust supply to meet production with visibility to inbound shipments

Understand your costs with full allocation of costs to materials

Use alerts and approvals to ensure your team knows when events impact position

Make better decisions based upon vendor performance reporting

Know the quality of your ingredients and manage them through the contract lifecycle

Reduce production delays due to commodity shortages

Improve net margins by managing commodity pricing spikes and dips

“The functionality is more user friendly and faster with iRely, and I see more potential to shift tasks so we can reallocate or reduce headcount.” Large Food Manufacturer

Want to Learn More About Our Commodity Procurement Software?