Recognizing a strong need for improvement, nine companies, including Coca-Cola, Hershey, P&G and Wegmans, worked together to focus on closing the gap that currently exists in the new item setup process.
Diamond Foods will expand its use of Transplaces engineering capabilities and technology to increase visibility across its supply chain and identify and execute on greater cost savings opportunities.
Supply chain disruptions typically can reduce share prices by an average of 7 percent, according to a recent Accenture study. But where does that risk of disruption typically come from?
Few consumer goods manufacturers need to be told that retail out-of-stocks (OOS) take a real bite out of sales and profits. The fact that the problem persists means there is still more work to be done.
Church & Dwight chose Terra Technology after a successful pilot demonstrated a significant improvement in forecast accuracy, enabling the company to better predict and respond to consumer demand.
The support will include early management of food safety issues and collaboration with local universities, research institutes and government agencies on food safety issues.
