Reconomy Group selects Anaplan to consolidate financial and accounting systems Customer Story

cpg accounting

Join Snowflake customers, partners, and data providers already taking their businesses to new frontiers in the Data Cloud. However, persistent inflation continues to impact levels of disposable income. Feeling vulnerable to ongoing economic headwinds, consumers have maintained some recessionary behaviours, including cutting down on unnecessary expenses and continuing to trade down and shop at cheaper stores. Driven by a growing awareness of the global climate crisis and the desire to make a positive impact, consumers are also becoming more mindful of their consumption levels and placing brands and products they purchase under scrutiny. “This department needs to be effectively supported with an optimized and Connected Planning tool, giving employees a holistic overview of financials for more accurate, real-time data analysis, and forecast predictions. Optimize SKUs and achieve improved bottom-line and faster ROI through the power of hyperautomation for retail and consumer packaged goods (CPG).

cpg accounting

Reduce risk and maximize ROI with the expertise and experience of Oracle Consulting. For more on our Q2 market outlook or anything else in this blog please contact a member of our team and see how we can help you discuss your organisation’s 2023 digital transformation and M&A agenda. Insights into the latest product features, upcoming events, thought leadership and tips on how to get the most from your Anaplan models. On the top of all these, consumer habits keep on rapidly changing and evolving.

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DTTL and each of its member firms are legally separate and independent entities. Please see About Deloitte to learn more about our global network of member firms. The first quarter of 2023 saw UK consumer confidence grow by +2.0 percentage point increase compared to the previous quarter, according to the latest Deloitte Consumer Tracker. This marks the second consecutive quarter of improving confidence, following five quarters of decline. Consumer confidence in the UK is down year on year; the macroeconomic landscape remains uncertain.

Successful companies are also mimicking consumers’ behaviour, becoming more mindful of their capital allocation decisions. They are simplifying their structure, their product range and brand portfolio, cutting unnecessary costs and ending value leakage. Yet, they are investing where it matters the most, supporting strategic initiatives to future-proof the business. They are optimising their footprint and near-shoring their supply chain to reduce logistical costs, environmental impact and risk of future disruption. They are investing in data analytics and digital capabilities to optimise their go-to-market strategy, pricing architecture, communication, product innovation. Experienced Executive Manager with 17+ years of experience in strategic planning, organizational development, and operations efficiency.

best practices to improve supply chain planning for Travel and Hospitality

Naturally as an Analytics leader, I tend to point to Analytics and creating a « single version of the truth » and slaying some sacred cows, as at the heart of modern day RGM. Over 16 years experience in Accounting and Tax compliance, including 9 years in international companies. Tanya has worked extensively with the ‘Big 4’ covering tax, accounting and audit services. With a proven track record of commercial success in eastern Europe and over 20 years’ experience in regenerative potato farming, we’re a trusted partner to some of eastern Europe’s biggest potato buyers.

  • Healthy, free-from-X (different ingredients), green, sustainable, recyclable / reusable / returnable packaging are some of the trends that have gathered momentum in recent years.
  • Decision-making has become complex with competing factors like targeting vs. increasing SKU complexity.
  • The investments we make in our people, equipment and technology allow us to move forward with confidence as a business built for the future.
  • We don’t offer advice, so it’s important you understand the risks, if you’re unsure please consult a suitably qualified financial adviser.
  • However, persistent inflation continues to impact levels of disposable income.

RGM is a journey and must be a capability looking at continuous learning and improvement, and not a one-off re-set. Before working in agriculture, Oleh was Head of Procurement and Commercial for companies in the manufacturing and automotive space. Oleh has a keen focus on developing and implementing modern systems to improve the tender, contracting and supply chain process. With over 15 years of experience in finance and business growth, Kostiantyn has worked with international companies including PWC, McDonalds, TMF, Continental Farmers Group. Manage sustainable transportation, global trade, and distribution processes with connected solutions.

Enhanced customer satisfaction with a resilient supply chain

Create data-powered and personalized marketing experiences with a unified customer data platform. With the advanced capabilities of a hyperautomation enablement platform for retail and CPG, businesses can automate and streamline the entire P2P process, reducing manual effort, eliminating errors, and enhancing process efficiency. The retailer lens is crucial to incorporate in an RGM to fully understand customer needs and incentives. Additionally it should correctly account for the interplay of PPA, price, promo, terms etc., with feedback loops running between them. The retailer lens should take into account both global and local brands to arrive at a holistic view of capabilities.

  • It needed an internal infrastructure shift to bring greater visibility over its broad finance and accounting systems, as well as increasing management of M&A integration.
  • Wherever data or users live, the Data Cloud delivers a single data experience that spans multiple clouds and geographies.
  • These deep dives will inform the evolution / roadmap of “enablers” and how they will develop in 1-3 years.
  • Insights into the latest product features, upcoming events, thought leadership and tips on how to get the most from your Anaplan models.
  • We’re helping many CPGs charts this course, and helping them build their RGM capabilities.

This hyperautomation-based data-driven approach enhances sales performance, reduces inventory costs, and accelerates ROI, increasing profitability and operational success in the retail and CPG industry. Multiple aspects need to be looked into and carefully managed to create a successful 21st century RGM. We strongly recommend managing bookkeeping for startups RGM under a centralized and coordinated operating model, rather than as disjointed functions. RGM needs to be at the heart of the action, and should be housed under sales. In such an organisation design, sales, marketing and finance will share the same metrics and goals, and will have the same point of view on improving revenues.

Specializes in procurement, supply chain management, sales, production, internal control, and crisis management, with a focus on re-engineering of business processes. Drive new revenue streams and faster time to market, improve supply chain resiliency, build brand loyalty, streamline production and fulfillment, and manage a workforce with integrated solutions from Oracle. See how businesses like yours can exceed consumer expectations with operational efficiency and sustainability. CPGs need to focus on the right brand portfolio for growth, all the while incorporating emerging whitespace opportunities, category trends and future profit pools. Against this scenario, CPGs are looking for support to develop an actionable marketing and commercial portfolio strategy (e.g. pricing architecture, pack / assortment differentiation, positioning etc.) focused on driving share gain.

cpg accounting

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