 DMA Managed Analytics for Consumer Product Goods
Consumer Product Goods manufacturers are facing competitive pressures, rising costs, and rapidly changing consumer needs and buying patterns. In order to drive profitability and reduce operating costs, you require timely and accurate information about your business operations and your customers. You need actionable analytics that help you answer key strategic questions, such as: - How can I do a better job matching supply and demand?
- How can I avoid stock-outs and excess inventory?
- What customers and products are most profitable?
- How can I improve the profitability of all my customers?
- How can I reduce costs without impacting availability and service?
For most companies, the data needed to answer these questions comes from every area of the company – different departments, different divisions and different data systems. By the time spreadsheets are gathered and reconciled, the information can be outdated and irrelevant. You need to bridge the data silos between departments and also between customers, so that you can manage your business more proactively. DMA managed analytic solutions integrate your data into pre-built analytics reports and dashboards, which enable consumer product goods companies to: - Analyze finished goods inventories to understand how to attack and monitor obsolete, excess, and surplus inventory to reduce cash needs, as well as how to eliminate stock-outs
- Be in a better position to work collaboratively with retailers and suppliers to synchronize operations
- Manage a tighter sales and operational planning (S&OP) process and measure operational compliance and the reasons for any variances to the S&OP plan
- Reduce transportation costs and monitor contract compliance with your carriers through a comprehensive analysis and reporting of line haul costs and accessorial charges
- Share scorecards and analytics to collaborate with customers to improve in-stock availability at the store level while also reducing channel inventory
- Monitor procurement compliance and undertake complex variance analysis to understand the impacts of purchase price, volume, foreign exchange rates and inventory costing on procurement performance
Learn more about the DMA managed analytics for consumer products goods:
|
