Consumer Products

Phase I: Supporting Profitable Growth by Aligning Value Added Processes with Strategy

• Forecasting process tools/timing/accuracy
• Product development process hand-offs and timing
• Incorporating an understanding of product life cycle and exit strategy
• Visibility to measures of drivers of profitability
• Reduction of manual processes

How we helped:

• Increased speed to market
• Improved product development cycle geared to meeting retailer requirements and company margin targets
• Improved supply chain response time and accuracy
• Insured meeting customer service requirements and quality
• Reduced time lines for key processes and Improved productivity

Phase II: Restructure and refocus the financial/accounting resources and processes to accurately measure, analyze, and clearly communicate the current and forecasted state of the business

• Redesign key Financial processes and align those processes with the business strategy
• Creating a Direct Variable Profitability Model to give visibility to measures of drivers of profitability as well as measures of results
• Pricing & costing development
• Financial reporting timing/analysis
• Business Intelligence tools/Data integrity implementation

How we helped

• Created framework for direct variable profitability reporting/analysis that:

• Identified and exited low/non profitable customers and products
• Informed strategic growth platforms for the business
• Identified action plans to lower the break-even point of the company

• Significantly increased cash flow through inventory management by:

• Liquidating excess and obsolete inventory through secondary channels
• Aligning forecasting tools with inventory procurement processes to prevent/mitigate Excess and obsolete inventory creation