Food & Beverage

Sirion enables F&B companies to create an integrated, enterprise-wide view of their strategic supplier engagements, driving improved outcomes and savings while enhancing collaboration and relationships across the supply chain

Food & Beverage

Perfect Recipe for Success in Services Contracts

While demand in the food & beverage (F&B) sector grows at a healthy pace, it’s not all smooth sailing. From manufacturers and retailers to restaurants, the industry faces major challenges: market volatility, evolving consumer preferences, food safety regulations, increasing raw material and labor costs, etc. To overcome these challenges, F&B organizations are making a concerted effort to become more nimble and efficient. A significant part of the supply chain is outsourced with services such as logistics, distribution, facilities management, IT and back office functions comprising a major portion of this external spend.

But there’s a problem: Most F&B organizations are underequipped to manage the complexities of their services supplier engagements. The traditional, passive approach—doing it manually as an extension of the procurement function—fails to adequately ensure that suppliers deliver their contractual commitments, resulting in serious deficiencies in performance and financial value. What’s needed is a technology-led, analytics-driven solution to enable true alignment, transparency, and collaboration in services contracts.

Key Services Outsourced

  • Appliance maintenance

  • Business processes (e.g. finance & accounting, rental and lease management, HR)

  • Facilities management

  • IT (e.g. application development and maintenance, architecture and engineering support, network, and service desk services)

  • Logistics

  • Security

  • Telecom

A Fortune 500 F&B leader manages IT and BPO contracts worth $800M+ on Sirion

“Modern contract management must go beyond the traditional pre-signature focus.”

Andrew Bartels, VP and Principal Analyst

“Sirion combines core CLM components with supplier management capabilities.”

The Challenges

  • 55%-80% of the total sourcing spend is focused on services, making in-life management of contracts even more important
  • Manual, siloed supplier management efforts fail to deliver full visibility and control over supplier performance
  • Clients rely heavily on suppliers to self-report performance and to ensure invoicing accuracy—there’s very limited validation capability

Sirion for Food & Beverage

Sirion offers an AI-driven, integrated platform for F&B companies to manage contracts, performance, invoices and relationships in buy-side services contracts.

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Featured Resources

Whitepapers

Hunting Mice While the Elephants Run Wild

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Is Procure-to-Pay Destroying Value?

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Businesses No Longer Buy Things

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