Food commodity procurement research report & risk management
Purchasing departments of food processing organizations are faced with volatile prices. The challenge of securing sufficient raw materials of the right quality at a suitable price is therefore becoming ever greater. This requires a strategic approach. Food processing organizations must consciously deal with risk management when purchasing agricultural raw materials. This is evident from theoretical research and interviews with eleven food experts and procurement professionals of agricultural raw materials.
In the study, the causes of price volatility were mapped, as were the trends in the food market. Finally, Supply Value has drawn up risk management measures and has developed a plan that allows organizations to select risk strategies that are most relevant to them.
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