Logistics Viewpoints

NOVEMBER 21, 2022

PepsiCo is a very big company, the second largest food and beverage company in the world. PepsiCo generated $79 billion in net revenue in 2021, with 23 food and beverage brands that generate more than $1 billion each in retail sales. 294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021.

Supply Chain Design Software 205

Supply Chain Design Software Purchasing Skills North America Resource Reduction 205

Supply Chain Shaman

AUGUST 12, 2020

When Gartner purchased AMR Research in December 2009, the methodology became the Gartner Supply Chain Top 25. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

Gartner 243

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 243

Zipline Logistics

MAY 25, 2021

Everything from food and beverage products to home improvement items saw a significant consumption bump as buyers, sidelined by pandemic restrictions, diverted their purchasing habits from experiences to consumer goods. Since the first quarter of 2020, CPG logistics costs have risen by 37% to an average of $1.71 cost per case.

Procurement Analytics 69

Procurement Analytics Food Report Logistics Network Optimization Software 69

Supply Chain Shaman

OCTOBER 29, 2020

Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. While touted as a digital procurement provider, it took the Company nine days to onboard me as a vendor, and two weeks to process a Purchase Order. In times of uncertainty, cash is king.

Optimal Sourcing 237

Optimal Sourcing Supply Chain Design Software Waste Reduction Inventory Reduction 237

ThroughPut

MARCH 24, 2024

Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. However, these models have tremendously faltered, when they have not altogether failed because of superior intelligence. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

crisp

MAY 21, 2024

Sales and supply chain analytics are made more potent when enriched with additional relevant data sources, and weather is a universal factor known to significantly influence shopper behavior and product demand. They share the report so demand planners can prepare accordingly. Why weather data?

Trends 52

Trends Procurement Analytics Optimal Sourcing Forecasting 52

Locus

MAY 20, 2024

BORIS – Buy Online Return In Store BORIS is another omnichannel fulfillment model where consumers can return their previously purchased online orders at nearby physical stores. In a way, this model is a win-win as it saves return logistics costs for retail businesses.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies Retail 98

Unleashed

JANUARY 29, 2024

A food and beverage company decides to streamline its product portfolio, based on the nutritional value and environmental impact of its products. It helps to reduce your inventory costs , improve operational efficiencies, enhance customer experience, and increase your sales and profit margins. Reduced storage and supplier costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Unleashed

NOVEMBER 16, 2022

The Manufacturers Health Check report shows SMEs in the UK, New Zealand and Australia were forced to hold record levels of stock in Q3 2022 – a response to billowing international lead times. We did this by analysing four key metrics: The average value of total stock on hand – reflecting the volume of goods held (plus impacts from inflation).

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction New Zealand Inventory 52

ToolsGroup

SEPTEMBER 22, 2020

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. Examples are: customer experience metrics, feedback on new product features and pricing, customer satisfaction and loyalty, and competitive intelligence.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Planning Software Supply Chain Design Software 156

ThroughPut

JUNE 5, 2024

Performance Measurement The vendor and customer agree on performance metrics, such as inventory turnover, service levels, and cost savings. They regularly review these metrics to evaluate the VMI program’s success and identify areas for improvement. These metrics can include a variety of data points.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies 52

Logility

JULY 20, 2023

It’s crucial for your demand plan to be accurate because it’s used to set your procurement and manufacturing levels. If your demand forecast is too high, you’ll carry excess inventory, which will increase your carrying costs. It should also provide error metrics to help you understand how accurate each forecast is.

Supply and Demand 184

Supply and Demand Supply Chain Planning Software Demand Planning Software Forecasting Software 184

Zipline Logistics

DECEMBER 1, 2020

Since much of the previous year in business and elsewhere was defined by a global pandemic, we are left asking what will 2021 look like for food and beverage shippers. These buyers want to continue food and beverage trends in a similar direction that we saw in the latter 2010s. Increased Sourcing Transparency .

Food 52

Food Trends Manufacturing Procurement Procurement Analytics 52

Unleashed

OCTOBER 6, 2021

Set reorder points for your most frequently purchased items As your business grows, it can be difficult to keep track of the right time and stock level at which to reorder more products. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.

Inventory Reduction 95

Inventory Reduction Cost Reduction Strategies Material Savings Vendor Strategies 95

Logistics Viewpoints

AUGUST 7, 2023

Around the world, 1 million plastic bottles are purchased every minute. ounces of a tasty wake-me-up beverage in a polyethylene terephthalate (PET) bottle. The American Beverage Association adds that “PET plastic is not single-use — it is 100% recyclable, versatile, and made to be remade.” We have a plastic bottle problem.

Procurement Analytics 181

Procurement Analytics Purchasing Skills Waste Reduction Expense Reduction 181

ThroughPut

AUGUST 24, 2021

Food & Beverage giants like Kellog’s reported on the state of breakdown in supply chain management. However, these models have tremendously faltered, when they have not altogether failed because of superior intelligence. The unavailability of raw materials and changing consumer patterns heavily impacted demand.

Supply and Demand 52

Supply and Demand Optimal Sourcing Forecasting Modeling 52

Unleashed

DECEMBER 28, 2021

Unintended inventory excess can also be an indication of deeper problems within the business, such as poor forecasting, low sales, over-purchasing of undesirable goods, and so on. And not only do these items tie up their initial purchase cost, but also the utilities fees, staffing, and any other costs associated with running your facilities.

Inventory Reduction 86

Inventory Reduction Cost Reduction Strategies Waste Reduction Expense Reduction 86

Supply Chain Game Changer

NOVEMBER 12, 2020

We all know and regularly purchase Fast-Moving Consumer Goods (FMCG, often also referred to as Consumer Packaged Goods, or CPG). But how has the pandemic accelerated changes in the way that consumers find and purchase these products? In some regions the lockdown period caused a boom in the purchase of FMCG products.

Consumer Goods 67

Consumer Goods Procurement Analytics Agile and Lean Supply Chain United Kingdom 67

The Logistics & Supply Chain Management Society

JULY 20, 2020

The rush to stockpile basic needs like food, beverages and toilet paper led to a dramatic increase in sales at retail outlets such as supermarkets. Innovation and supplier management calls for cloud-based integrated systems between partners and advanced predictive models. Efficiency and cost management.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Enterra Insights

FEBRUARY 9, 2021

It also is increasing the number of ‘carbon neutral’ brands it offers as consumers increasingly value this attribute when they purchase a product.”[6]. Everything from procurement, to production, to logistics can be improved using artificial intelligence. Why sustainability is important. ”[6].

Sourcing Strategies 113

Sourcing Strategies Supply Chain Planning Software Procurement Analytics Sustainability 113

Unleashed

DECEMBER 13, 2023

Index figures are calculated from a combination of core performance metrics, including sales performance, purchasing and internal efficiency. The beverage sector was the only industry to score between 40 and 60, at 57 out of 100. Quarterly performance is then benchmarked against the nine previous quarters.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

ShipBob

FEBRUARY 26, 2024

It involves assessing how the overall supply chain performed, analyzing metrics, and how well you managed exceptions. Your forecasting process goes through multiple checks and balances, giving you the opportunity to identify deviations and exceptions and create more accurate predictions. Can CPFR be leveraged within all industries?

Forecasting 52

Forecasting Supply Chain Planning Software Forecasting Software Supply Chain Planning 52

ThroughPut

JUNE 19, 2024

How much should you produce or purchase at a time? This question plagues decision-makers in the Food & Beverages (F&B) industry. Inaccurate predictions, especially for seasonal and short-lifecycle products, can severely impact operations. Demand fluctuations and narrow profit margins further complicate matters.

Supply and Demand 52

Supply and Demand Predictive Analytics Software Demand Planning Software Supply Chain Planning Software 52

Unleashed

MARCH 6, 2023

But they’re especially useful in fast-moving consumer goods (FMCG) categories such as food and beverages. This article breaks down how to create a marketing plan for the food and beverage industry, plus the benefits of having one. Here are four more major benefits of a food and beverage marketing plan.

Beverage 52

Beverage Food Resource Reduction Cost Reduction Strategies 52

Logility

MAY 2, 2021

But is using one-number forecasts too suspect given today’s growing availability, visibility, and use of big data, advanced analytics, and intelligent algorithms? This one shortcoming is perhaps one of the most obvious for this forecasting metric.

Forecasting 147

Forecasting Forecasting Software Procurement Analytics Prescriptive Analytics Software 147

Unleashed

APRIL 15, 2020

To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. A key metric in inventory revaluation is Net Realisable Value. Host giveaways.

Inventory Reduction 89

Inventory Reduction Inventory Purchasing Skills Manufacturing Procurement 89

QAD

SEPTEMBER 22, 2021

This type of software is used by businesses to plan and oversee routine operations, such as supply chain management, manufacturing, services, project management, customer relationship management, risk management, compliance, accounting and procurement. Food & Beverage. Enhanced data collection and reporting.

Case Study 52

Case Study Study Optimal Sourcing Supply Chain Planning Software 52

Unleashed

SEPTEMBER 28, 2023

Here are some common examples of dead stock: Perishable stock that has passed its use-by date, such as fresh produce used in food and beverage production. This can prevent the risk of dead stock by improving the accuracy of purchase orders to consumer demand. Bundle items that are only available when purchased exclusively in a bundle.

Material Savings 52

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 52

Supply Chain Shaman

MARCH 8, 2016

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. Over the last decade the use of Terra Technology’s DS product improved short-term demand forecasts by 37% at 13 consumer products, and food and beverage companies.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Network Software Forecasting Software Demand Planning Software 150

Unleashed

NOVEMBER 26, 2020

The purpose of safety stock is to avoid stock-outs, whereby a product can’t be supplied for sale, its delivery after purchase is unreasonably held up, or a component isn’t available during manufacturing. Read more: The Difference Between Safety Stock and Cycle Stock Inventory. Why is safety stock important?

Examples 98

Examples Manufacturing Procurement How To Eliminating Excel in Purchasing 98

Alloy

MARCH 18, 2021

McLane Company is an important customer for many food and beverage brands, who use its supply chain services to get their products to grocery, drug and convenience stores. There may be some fees associated with it, but more problematic is that the reports come in a few different formats and files. Purchase Orders.

Inventory Reduction 52

Inventory Reduction Alloy Inventory Data 52

Logistics Bureau

OCTOBER 6, 2024

Examples include food, beverages, cosmetics, and household products. CTS Cost To Serve – A method to calculate the total cost of servicing a particular customer or product. SKU Stock Keeping Unit – A unique identifier for each distinct product and service that can be purchased.

Supply Chain Planning Software 70

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 70

RFgen

OCTOBER 23, 2016

million into procuring resources from South Sudan and training coffee farmers. According to a company press release, Starbucks purchased its first crop in the Republic of Congo in 2014 and has helped many local farmers since then. Nestle made efforts to repair the war-torn area, investing $2.5

Congo 52

Congo Sudan Supply Chain Software Supply Chain Planning Software 52

RFgen

OCTOBER 23, 2016

million into procuring resources from South Sudan and training coffee farmers. According to a company press release, Starbucks purchased its first crop in the Republic of Congo in 2014 and has helped many local farmers since then. Nestle made efforts to repair the war-torn area, investing $2.5

Congo 52

Congo Sudan Supply Chain Software Supply Chain Planning Software 52

Unleashed

JUNE 7, 2023

As with hardware, inventory optimisation software should be purchased on an as-needed basis. It differs from anticipation inventory , which is inventory purchased to meet expected demand spikes. Can it analyse historical data and produce valuable reports? With greater visibility into the metrics, a company can go forward.”

Inventory Management Software 52

Inventory Management Software Forecasting Software Demand Planning Software Supply Chain Planning Software 52

Cognira

DECEMBER 20, 2022

According to a study conducted by Cone Communications: 87% of customers are confessing that they will purchase a product because a company advocated for an issue they cared about. 76% of customers will refuse to purchase a company’s products or services upon learning it supported an issue contrary to their beliefs. Product Packaging.

Waste Reduction 52

Waste Reduction Inventory Reduction Expense Reduction Material Savings 52

Unleashed

APRIL 3, 2020

To help you understand the importance of tracking this metric we’ll illustrate several ways the value of your stock can change. Inventory revaluation is the adjustment of the costs of inventory to reflect changes in the recorded cost. A key metric in inventory revaluation is Net Realisable Value. Host giveaways.

Inventory Reduction 52

Inventory Reduction Inventory Purchasing Skills Cost Reduction Strategies 52