BarriqueFine wine price referenceBook 30 minutes

Prepared for Pierre, Head of purchasing, Maison Delorme

Ten price sources, one reference before Hong Kong.

You took over purchasing at Maison Delorme three weeks ago, and the house is opening an office in Hong Kong. In the first few weeks you often inherit price sources nobody has compared. Here is what Barrique would look at first for you.

Your situation

New role three weeks ago, opening an office in Hong Kong

What has just changed, and what it means over the next few weeks.

3 weeksin charge of purchasing
Hong Kongan office opening
Several sourcesof prices, never reconciled
1 referenceto set before the opening

For Pierre

What Barrique looks at first for you

1

One price per wine, sourced

Barrique reconciles auction, trade and marketplace prices, wine by wine and vintage by vintage, with the source of every price.

What are your sources today, and which one wins when they disagree?
2

The gaps that cost you

Every week, the list of references where your buying price drifts from the market, ranked by amount.

Which estates do you buy most, and at what price compared with London?
3

Hong Kong at the same price

The same reference for Paris and Hong Kong, in local currencies, so both offices talk about the same price.

Who will buy from Hong Kong, and on what price basis?

Getting started

Week 1

Your references loaded, prices reconciled.

Week 2

The first list of gaps, reviewed with you.

Then

A reference updated every week, Paris and Hong Kong.

Shall we sort your sources out before Hong Kong?

Thirty minutes on a call: your references, the gaps Barrique sees in them, and what it changes for the opening.

Book 30 minutes