Supply chain software company Foods Connected has partnered with data analytics experts Mintec to help deliver real-time market insights businesses can use to compare to their own internal performance.
Foods Connected provides end-to-end solutions for supply chain, procurement, food safety, quality and CSR for the food industry, which will be used in combination with pricing data from Mintec Analytics, with an aim to provide food businesses to “unlock the value and transparency in their increasingly complex supply chains”.
“The increased market visibility provided by Mintec combined with our own set of procurement and supply chain tools will allow our customers to make the most cost-effective, evidence-based trading decisions at the click of a button,” said Foods Connected managing director Roger McCracken.
“At Foods Connected, we pride ourselves on our expertise and our ability to simplify complex tasks for our customers, taking the guesswork and time out of searching for information. As we continue to grow, we are excited to be working with data intelligence experts such as Mintec to better innovate our offering and keep delivering above and beyond for our valued customers.”
Founded in Northern Ireland, Foods Connected is a configurable software platform run by food industry professionals, and its partnership with Mintec will help to provide the “optimal pricing outcomes” with industry-wide pricing trends and comparison analysis to “ensure evidence-based trading decisions”.
Mintec CEO Spencer Wicks said the company was pleased to partner with Foods Connected and aid supply chain professionals by helping them better understand their supplier prices.
“The combination of tools and data will dramatically increase their confidence when sourcing raw materials,” said Wicks.
The new integration will be part of the Foods Connected Procurement and Supply Chain product solution.