Perfectly plan and execute every commodity purchase
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Trusted by modern FMCG
Smarter commodity purchasing =
better deals and higher margins
Before Vesper
After Vesper
our solution
Four core workflows that transform your purchasing
Give your human intuition an upgrade
Negotiate from a position of strength
Confidently win stakeholder buy-in
See if you paid the right price
success stories
See real wins from customers
Industries we serve
From ingredient sourcing to packaging procurement, Vesper helps companies in every food and beverage category secure better commodity deals.
The dairy marketplace
Buying or selling dairy? Use our Marketplace.
Get your market edge
with smarter commodity purchasing.
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- Full product access
Frequently asked questions
Everything you need to know about commodity procurement software and market intelligence.
Does Vesper utilize AI in their solutions?
Yes, Vesper leverages AI technology in several key areas of our platform. Our AI models power price forecasting with 95%+ directional accuracy for 30-day predictions, analyze millions of data points to identify optimal buying windows, and automatically aggregate market intelligence from diverse sources. The AI works alongside our in-house analysts to provide more accurate insights than either could deliver alone, helping procurement teams make data-driven timing decisions with greater confidence.
What is commodity procurement software?
Commodity procurement software is a specialized platform that helps businesses plan, execute, and track purchases of raw materials and commodities. Unlike general procurement tools, it includes market intelligence, price forecasting, and commodity-specific features to help procurement teams secure better deals in volatile markets.
How does commodity intelligence help reduce procurement costs?
Commodity intelligence provides market forecasting, price benchmarks, and timing insights that help you buy during favorable market conditions. Our customers typically see 15-30% cost reductions by avoiding panic purchases and timing their buys strategically using AI-powered market analysis.
What's the difference between CTRM and commodity procurement software?
CTRM (Commodity Trading and Risk Management) systems focus on trading operations and financial risk management for commodity traders. Commodity procurement software like Vesper focuses on the purchasing workflow for end-users who need to buy raw materials for production, with emphasis on sourcing, approval processes, and supplier negotiations.
How accurate are commodity price forecasts?
Our AI models combined with proprietary analyst research achieve 95%+ directional accuracy for 30-day price movements across major commodity categories. While no forecast is perfect, our customers use these insights to make more informed timing decisions and reduce exposure to unfavorable price swings.
Can Vesper integrate with existing ERP systems?
Yes, Vesper integrates with major ERP systems including SAP, Oracle, and Microsoft Dynamics through our APIs and native Excel plugin. This allows you to sync purchase data, track performance metrics, and maintain your existing approval workflows while adding commodity intelligence capabilities.
What commodities does Vesper cover?
Vesper provides intelligence and pricing data for agricultural commodities (grains, oils, dairy), food ingredients, packaging materials, energy products, and industrial materials commonly used by FMCG companies. Our coverage spans global markets with particular strength in North American and European supply chains.
How long does implementation typically take?
Most customers are up and running within 1-4 weeks. Implementation includes data integration, user training, and configuration of your specific commodity categories and suppliers. Our customer success team provides hands-on support throughout the onboarding process.
Is Vesper suitable for small to medium-sized companies?
Absolutely. While commodity intelligence was traditionally only available to large corporations, Vesper makes these capabilities accessible to companies of all sizes. Our flexible pricing and scalable platform work for procurement teams managing $1M to $1B+ in annual commodity spend.
What kind of ROI can we expect from commodity procurement software?
Customers typically see ROI within 3-6 months through cost savings from better timing, improved supplier negotiations, and reduced manual processes. The average customer saves 15-30% on commodity costs and recovers 10+ hours per week previously spent on market research and approval documentation.