Implementing a strategy to manage commodity impacts on your bottom line
Sponsored by: Packaging Technology Integrated Solutions, a division of HAVI Global Solutions, LLC
Date: 13 November
Time: 3PM London/10AM New York
Leverage Integrated Supply Chain Visibility and Commodity Analytics to improve gross margin for Food Services
In recent years, commodity prices have seen a dramatic increase in both fluctuation and overall price. This trend is seen to be continuing, if not escalating, especially in food and feed. Managing Supply Chain Management and Finance without an integrated approach to addressing commodity risk, or using traditional commodity management tactics, leave foodservice companies exposed to rising food cost and shrinking margins.
This webinar will focus on how integrated demand planning, scenario planning, and commodity analytics can allow you to simulate commodity cost impacts on your business and make better decisions on menu pricing, promotions, and new product introductions to improve margin and optimize food cost.
Learn about recommended approaches to identify the opportunities within your company to more effectively align, manage, and measure commodity impacts on your bottom line.
Go beyond procurement tactics to leverage best-in-class supply chain planning and analytics to succeed amid increasing commodity volatility and reducing costs.
Ronald W. Cegnar,
President, CEO Partners
Ron is the president and a founding partner of CEO Partners, a consulting firm specializing in innovative solutions for foodservice executives and senior management. Ron brings over 38 years of foodservice industry experience to bear, including significant insights from starting and building the world’s largest purchasing co-op, developing global sourcing and supply systems, and managing a variety of foodservice companies.
Ron has an MBA from Boise State University, and a M.Sc. and B.Sc. in Agricultural Business and Economics from the University of Idaho.
Services Delivery Director, HAVI Global Solutions
Brian has been with HGS for over 10 years, managing the customer delivery of integrated IT and business process solutions that focus on improving business results. Brian leverages over 15 years of in-depth supply chain knowledge, a consulting and industry background (with HGS, Andersen Business Consulting’s Supply Chain practice, and 3M), and over a decade of Food and Beverage experience to successfully implement solutions that improve decision-making and planning for our customers.
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Key Learning Objectives
- Incorporate commodity pricing models for better budgeting and financial projections
- Integrate Demand Planning to improve raw material projections and risk management
- Use commodity and raw material prices to improve Marketing and Menu decisions
- Improve performance measurement using commodity impacts: go beyond year-over-year comparisons
- Head of Procurement
- Risk Management
- Supply Chain Management
- Head of Finance
- CFO / Controller