Zero-based budgeting is lately all the rage in consumer goods. Instead of assuming every departments budget should be exactly the same as it was last period plus or minus some incremental adjustments, the default assumption is that each department should budget for everything that they invest in from a zero base.One example of where this philosophy should be applied is in trade promotions.
Leatherman Tool Group decided to adopt the HighJump TrueCommerce EDI solution, simultaneously with a new ERP system, experiencing a 75 percent reduction in EDI spend compared to the same period last year.
This fall, CGT had the privilege of honoring an elite group of consumer goods companies and executives for transformational business and technology initiatives that stand revolutionize their organizations and industry as a whole. Meet the 2015 winners and finalists.
Bryan Nella, director of Corporate Communications for GT Nexus, an Infor company, reveals the obstacles and pressures facing the consumer goods industry in the New Year and how to address them.
CGT honors Mondelez International for developing an end-to-end forecasting and store replenishment process using point of sale data, improving measured on shelf availability by 4 percent in four months.
