Manufacturers see cutting trade spending as a key opportunity to increase bottom line profitability

Manufacturers see cutting trade spending as a key opportunity to increase bottom line profitability
Retailers demand that manufacturers collaborate to plan, forecast, and manage inventory to ensure right product, right time, right place right cost.
Retailers and Manufacturers agree on the need to adapt and adopt data and process standards
Consumers demand and the FDA is enforcing food quality and safety regulations

Improve Recall Responsiveness / Cost

Item Information Provider, Brand GLN, Brand Owner Name, Data Pool Name, Brand Name, Short Description, Additional Trade Item Description, Trade Item Unit, UPC Code Type, UPC Code, Public/Private

Number of Item Contained By parent Item, Gross Weight, Gross Weight UOM, Height, Height UOM, Width, Width UOM, Depth, Depth UOM, Volume, Volume UOM, Number of Trade Item Contained in the package, Net Weight, Net Weight UOM

Royal Ahold reports a 2002 loss of $4.8 Billion!
Rite Aid faces accounting fraud charges of nearly $1 Billion!
Bristol-Myers/Squibb’s FASB revenue reversals were nearly $1.4 Billion in 2002
Hits (to profit and ethics) Just Keep On Coming!
“The FBI is opening three to five investigations a month of suspected fraud of $100 million or more by executives at publicly traded companies, a pace that indicates the scandals that have rocked corporate America for the past 18 months show no signs of abating.” [Boston Globe 5/6/03]