Beroe Inc

Beroe provides critical market information and analysis that enables companies to make smart sourcing decisions which lead to lower costs, greater profits, and reduced risk. Beroe has been providing these services for more than 13 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies. Beroe acts as an extension of your procurement office, offering deep expertise and comprehensive resources within our primary industries. This allows us to provide robust, predictive, real-time intelligence, and insights. The primary industries that use our expertise are healthcare, food, beverage, tobacco, personal products, chemical, materials, mining, oil, gas, banking, financial services, insurance, and technology. With the rise of globalization and increasing market volatility, Market Intelligence (MI) has become a core facet of business innovation. Beroe carved out a niche as the premier provider of procurement intelligence after recognizing the evident need for custom analysis and market research. Beroe was founded in 2005 by Vel Dhinagaravel, Dr. Robert Handfield and Dr. Mitch Javidi. In a proprietary study of 50 Fortune 500 companies conducted by Beroe's founders in 2003, they discovered that the top 2 areas of concern for chief procurement officers (CPOs) were the lack of good market intelligence and supplier risk analysis. The reason, they found, was that most MI sources were data-centric and generic in nature (e.g., one standard report sent to all clients regardless of scale, strategy or requirements), often out of date and sometimes inaccurate. With the increasing adoption of continuous portfolio management instead of discrete sourcing projects, the need for validated, trustworthy,and credible information is increasing by the day. Beroe understands the need for a network of local agents who can constantly monitor key supply and resource markets to ensure category managers have continuous access to high quality market intelligence.