Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Mintec's brand new & improved platform, Mintec Analytics, is now live!

Mintec's New Commodity Procurement Platform Set to Transform Negotiations Between Buyers and Sellers

  (UNITED KINGDOM, 11/12/2018)

Mintec, the leading independent provider of food and associated raw material pricing data, has launched a new platform for procurement professionals, powered by Robotic Process Automation.

The new platform, Mintec Analytics, provides independent price information for 11,000+ commodities, in addition to advanced analytics tools. Together, these deliver insights on key drivers, market events, weather patterns and other critical factors impacting price.  

Mintec's CEO, Tony Pauley.

Mintec's CEO, Tony Pauley, believes that this new platform will help transform negotiations between buyers and sellers, enabling them to identify value and agree on market price across a range of categories. This is something which is currently difficult, due to a lack of transparency and the sheer volume of categories being managed.    

"The typical buyer and seller have less than 10% of their time available for research ahead of price negotiations. To properly prepare market analysis on raw materials and finished goods, with long and increasingly complex supply chains, can take a week or even more. With both parties often responsible for managing many products, there is often not enough time available to adequately prepare for all negotiations," stated Pauley. "As a result, focus is typically on the top 5 or so spends, leaving the remainder largely ignored. This often results in missed opportunities for smaller products," he continued.  

Reliable, trusted and 100% independent raw materials pricing data&  insights from a source you can trust.

Mintec Analytics provides both buyers and sellers with current, historical and forecast views, across the key factors driving price fluctuations - from ​supply and demand, currency, interest rates and political stability, to critical events and weather trends. In addition to facilitating more informed negotiations, the increased transparency helps procurement professionals plan longer term purchasing strategies, and source alternative suppliers with greater ease.  

"We have leveraged the latest technology to build advanced analytics tools which allow our clients to automate, accelerate and simplify data querying, analysis and modelling. This will unlock new levels of insights and drive increased value from the data we provide," commented Spencer Wicks, Mintec's Managing Director.

The depth and breadth of Mintec's data allow users to conduct precise analysis, make informed decisions and define their procurement strategy.

Mintec is the leading provider of raw materials pricing and market data. Through its data, analysis and cutting-edge SaaS platform, Mintec Analytics,  empowers the world's leading brands, retailers and manufacturers to implement more efficient procurement strategies. 

About Mintec Ltd.

Mintec has been providing market leading raw material price data and business intelligence tools to leading global procurement teams for more than 30 years. The original founders saw an opportunity to bring the data and tools to market to allow others to leverage the available information in ways that had never been done before.
 
Three decades on, Mintec remains at the forefront. Mintec provides market intelligence to the largest manufacturers and retailers around the world. Using advanced technology, it can do far more with its data than was even imagined a few years ago.
 
Source: Mintec Ltd.

 
[email protected]
www.fis.com


Information of the company:
Address: 9 The Courtyard, Glory Park, Wooburn Green
City: High Wycombe
State/ZIP: Buckinghamshire, England (HP10 ODG)
Country: United Kingdom
Phone: +44 (0)162 885 1313
Fax: +44 (0)162 885 1321
E-Mail: [email protected]
More about:


Location:



 Print


Click to know how to advertise in FIS
MORE ARTICLES
The Future of Whitefish Processing: Copenhagen, 25 September
AlgaPrime™ DHA Completes Successful Trial with Thai Union in Shrimp Feed
UBC Goes All in for Sustainable Seafood
Two Reports Highlight Continued Growth of Certified Seafood in The Netherlands
Sustainable Solution for Controlling Algae and Bacteria in Fish Farming
European Appetizers Aim to Be Trendy in Japan
Calling All Aquaculture Innovators
Delicious and Healthy Seafood
NSD Seafood, Inc. Acquires National Fish & Seafood, Inc.'s Assets
Alaska Air Cargo Brings the Season's First Wild Copper River Salmon to Seattle
Squid Trawler Reaping Benefits of WASSP F3X
Chicken of the Sea Announces a Responsible Aquaculture Commitment
Smarter Processing with Marel in Brussels
Red Lobster Partners With Ocean Conservancy To Help Protect And Preserve The World's Oceans
Lloyd’s Register Nets First Audits for New ASC Aquaculture Standard
Sterling Sturgeon California’s Sustainable Farmed Fish Fills The Need For Demand
FISA to Showcase it Products at Skipper Expo International Aberdeen 2019
BioFishency Raises $2.4 Million for its Water Treatment Systems for Aquaculture
Elior North America Expands Responsible Seafood Menu for Clients
Cermaq Launches Brand Platform: True Arctic - Slow Raised Salmon
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
The MSC is celebrating 20 years of partnership with Whole Foods Market on sustainable seafood
United States Marine Stewardship Council (MSC) is celebrating 20 years of partnership with Whole Foods Market on sustainable seafood. In 1999, Whole Foods Market became the first US retailer to partner with the MSC...
Exports of Alaskan pollock surimi according to official figures
United States At US Customs, the average price per kilogram of Alaskan pollock surimi (Theragra chalcogram) (HS 0304991130) in April was USD 2.78/kg. This price is 1% lower than that of March and 8% higher th...
EU and Guinea Bissau renew fishing agreement
Spain The European Union (EU) and Guinea Bissau have signed a new fisheries protocol in Brussels. The Agreement was suspended from November 23, 2017. Minister of Agriculture, Fisheries and Food Luis Planas...
The future of Whitefish Processing
Denmark When Marel hosts the Whitefish ShowHow in Copenhagen, 25 September, it will showcase the latest in hi-tech processing solutions. By bringing industry leaders together under the same roof with equipmen...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation
Marona S.A.
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER