SUCCESS STORY

This is a flagship success case where AI-powered market and price analysis, combined with a competitive supplier strategy, significantly reduced the procurement costs of flour and corrugated boxes.

Seoul Food Industrial Co., Ltd. achieves KRW 1.5 billion in annual savings within the first quarter of adopting PLYN.

Seoul Food Industrial Co., Ltd · First-Quarter Results After PLYN Adoption

Key Metrics
· KRW 1.5 billion annual cost savings
· Average 6.8% cost reduction
· 90%+ automation in RFQ & quotation workload


Company Background & Pre-Adoption Challenges

Seoul Food Industrial Co., Ltd is a KOSPI-listed food manufacturer, where stable raw-material sourcing and cost competitiveness are critical. Before adopting PLYN, the company faced clear limitations in procurement optimization due to heavy dependency on a single supplier, lack of market information, and stagnant price negotiations.

Before

  • 87% supply concentration under a single flour milling supplier
  • Limited price reduction despite global wheat price decline
  • Insufficient market & price information for evaluating fair pricing
  • Entire RFQ creation and quotation handling performed manually

After · with PLYN

  • Restructured supplier competition and reduced market concentration
  • Strategic negotiations powered by AI-based market & price analytics
  • Optimal supplier combinations identified by item + automated RFQ execution
  • Significant price reductions while drastically reducing manual workload
Cost Reduction Results by Item

Flour · Corrugated Boxes

Item 01

Flour Procurement

3.5%

KRW 160 million saved annually

By analyzing the long-standing monopolistic milling structure and limited price adjustments versus global wheat market trends, PLYN enabled a dual-supplier strategy that encouraged new supplier participation and stabilized procurement unit prices.

Item 02

Corrugated Boxes

30%

KRW 370 million saved annually

By identifying rotary-process suppliers capable of significantly reducing processing costs, PLYN designed a competitive bidding structure that achieved up to 30% lower prices compared to the previous supplier.

Summary of PLYN Adoption Effects
  • Achieved KRW 1.5 billion in annual savings, with an average 6.8% cost reduction.
  • Automated over 90% of repetitive quotation tasks including RFQ creation and collection.
  • Integrated market data, price trends, and supplier structure to strengthen strategic decision-making.
  • Secured sustainable competitiveness through structural supplier-market improvement, not short-term discounts.

Quote

“After adopting PLYN, our negotiation strategy completely changed. Thanks to PLYN’s integrated view of the market and supplier landscape, we can now achieve cost reductions while managing supplier risks more effectively.”

Procurement Team, Seoul Food Industrial Co., Ltd

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PLYN designs data-driven purchasing strategies and automates RFQ, bidding, and negotiation processes—redefining procurement cost competitiveness for manufacturers.


 
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