Case Study: VinAsset Produces Win-Win for Winery and Supplier

March 5, 2014

Sourcing Event Uncovers Significant Savings and New Supplier Relationship

 

With increasing pressures on cost, VinAsset was asked to review a broader base of bottle suppliers that met all agreed upon requirements and to conduct a sourcing event to gauge the marketplace. Our member winery was able to forge a new relationship with a premium supplier and saved 28.7% on its 2014 bottle purchases.

 

Challenge

  • Time-consuming process to research competitive prices for bottles

  • Difficult to identify new suppliers that match exact specifications

  • The winery uses unique label requirements that impact bottle selection

 

Objective

  • Member winery wanted to reduce costs and improve its purchasing process

  • Source three different bottle types

  • Acquire a supplier with best-in-class quality and customer service

 

Solution

  • VinAsset worked directly with winery to create an electronic RFQ that describes all necessary requirements

  • Through the VinAsset platform, the RFQ was submitted to potential suppliers with one click

  • The sourcing team was able to easily identify new suppliers that could produce bottles that matched all specifications

  • The team received responses from nine qualified suppliers

 

Results

  • Professional electronic sourcing event was conducted by VinAsset

  • Two week duration

  • Time-saving electronic responses

  • Quotes organized for easy side-by-side comparison

  • Member received timely samples

  • Ease-of-use of the VinAsset platform made it quicker and easier for both winery and the supplier

  • Member Winery saved 28.7% on its 2014 bottle buy with a new supplier

Please reload

Featured Posts

Wines & Vines Winery Product News

March 31, 2014

1/10
Please reload

Recent Posts
Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Classic
  • LinkedIn App Icon
  • Twitter Classic
  • Google Classic
vinasset
  • Twitter Clean
  • LinkedIn Clean
  • Facebook Clean
  • Google+ Clean

Buy Responsibly

VinAsset is a Hybrid Group Purchasing Organization (GPO) in the beverage industry created to connect our members to the right suppliers.  We help members and suppliers manage overall spend by reducing purchasing risk, conserving cash and improving productivity, all within our Vertically Integrated Network. Our world-class cloud-based technology platform enables higher connectivity, visibility, compliance and profitability, simplifying procurement along the way.

Request More Information