About 12 years ago, McCormick & Company, Inc. embarked on an initiative to develop close, collaborative relationships with a number of its retailers and national food wholesaler customers. This initiative evolved into its customer collaboration platform, which has allowed McCormick to develop formal vendor managed inventory relationships today, among many other unexpected benefits along its supply chain.
In an effort to enhance a lean and responsive supply chain, Del Monte Foods has implemented a demand-driven inventory planning service from Real Time Value Network, provided by One Network Enterprises. The solution is expected to lower inventories and operational costs, improve service, and increase profitability.
Many of the Consumer Packaged Goods (CPG) industrys most well-known and respected companies gathered at the 11th annual Datalliance Forum including more than 50 CPG attendees representing 25 leading CPG manufacturers.