Procurement Software for CPG (Consumer Packaged Goods) Industry
Maximize value with tailored procurement software for CPG, effortlessly manage spend, suppliers and supply chain
Tailored Procurement Solutions for CPG Industry
Lead the evolution in CPG Procurement, effortlessly expand into new geographies, experience heightened value with our tailored CPG Procurement solutions adept at handling expanded spend, suppliers, and supply chain tasks
CPG Industry Challenges
Some of the greatest challenges for contemporary CPG companies and their procurement teams include:
- Entering new global markets and capturing larger shares of emerging and developed markets
- Preserving already-slim margins while increasing product mix due to geographic, demographic, and technological drivers
- Accelerating supply-chain speed driven by competition among retailers and retail channels - for example, online versus bricks and mortar
- Coping with the commodity price super-cycle, which has seen certain commodities double in price and price volatility nearly triple since the turn of the century
- Managing global supply-chain risks associated with the proliferation of counterfeiting, expanding oversight and regulation around consumer product health and safety
- Producing cost efficiency to offset the expansion of CPG taxation - for example, new taxes aimed at promoting more health-conscious consumer choices
- Sourcing for brand equity - for example, buying from environmentally, health & safety and socially responsible/conscious sources as driven by consumer values and preferences
Ways CPG Industry Can Drive Value
- Creating new revenue streams
- Competing on value
- Driving profitability via higher volumes and prices (vs. lower costs)
The Consumer Packaged Goods industry is growing at an exhilarating rate and will consume some $64 trillion worth of consumer packaged goods by 2025, according to a McKinsey study. But the risks of disruption lurk constantly on the horizon. CPG procurement teams are challenged with consistently finding new profit pools within value chains while achieving and maintaining global supply-chain transparency and systematic compliance to an expanding array of government regulations worldwide.
How We Can Help
Zycus can help you drive growth, enhance profitability, and build your brand worldwide. With our cognitive source-to-pay suite that is highly attuned to the CPG industry's unique requirements and challenges, we help your business to perform better.
Our holistic source-to-settle suite emphasizes disciplined, thorough management of suppliers and contracts, empowering procurement teams to move business performance levers including product quality, safety, and reliability.
Explore How Zycus' Procurement Software for CPG Leads the Way in Industry Innovation
