RESEARCH TRIANGLE PARK, NC – May 31, 2019 – JAGGAER, the world’s largest independent spend management company, today announces that the company’s solutions are in use by three of the top five global food manufacturing companies, with a combined revenue of $180.69 billion dollars, six of the top ten, and ten of the top 15 global food companies, according to research from the Food Engineering annual report on company rankings. Worldwide revenue from the food and beverage industry has an annual expected growth rate of 10%. JAGGAER customers average 99% of spend under management.
With two decades of industry experience, JAGGAER understands the unique challenges facing food manufacturers who have simplified their eProcurement and spend management processes to help maximize the efficiency of their supply chains; whether it’s procuring direct materials and ingredients, packaging, sourcing indirect materials, transportation, and distribution services, or controlling spend. Some JAGGAER food customers include Ferrero, Godiva, Gruppo Cremonini, illycaffé, Lavazza, Lyons-Magnus, Mondelēz International, Inc. and Pernod Ricard España.
JAGGAER spend management solutions have been developed with input from food manufacturing customers and industry analysts to address the most vexing issues within the supply chain. These include complete control and management of critical supplier networks, enhanced communication between all parties in the supply chain and ability to analyze spend to reduce rising costs. Additionally, JAGGAER produces one of the most powerful sourcing tools available, the Advanced Sourcing Optimizer delivering flexible, powerful RFX configuration, bid collection, event management and bid analysis and optimization.