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 Manufacturers see cutting trade spending as a key opportunity to increase bottom line profitability
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tarix | 29.01.2018 | ölçüsü | 445 b. | | #22909 |
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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
Is my product safe? Can I trust the manufacturers? What is my Government doing? - Congress – More rules, less effectiveness, more costs BUT !!!
- FDA and others – Can they really be the enforcement agency here???
I think I’m confident but I’m not sure
Improve Recall Responsiveness / Cost Improve Recall Responsiveness / Cost Comply with FDA GxP and Safety Regulations
Basic Info Basic Info - 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
Measurement - 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
Size - Size Code List Agency, Size Code Value, Size Description
High inventory accuracy Disciplined processes Good logistics systems Optimized for case/pallet Early in Supply Chain
It has been a tough year… It has been a tough year…
Royal Ahold reports a 2002 loss of $4.8 Billion! 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]
Top down leadership commitment to CPG - Investment in people and product
1,300 Developers focusing on key capabilities - Compliance with Retailers - UCCnet, RFID, OM, APS,WMS
- Compliance with Sarbanes Oxley – TM
- Compliance with FDA – Poecess Manufacturing
- Industry thought leadership
- Extensive experiencing developed while working at CPG companies
- Philip Morris, Kellogg’s, Coca Cola
Focused Customer Advisory Boards Strong partner development relationships
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