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Consumer Product

Overview

Consumer products is one of those elastic phrases that can include any of the jars, boxes, cans, or tubes on your kitchen and bathroom shelves-or it can expand to include pretty much everything you charged on your Visa card last year. This industry manufactures and, perhaps more importantly, markets everything from food and beverages to toiletries and small appliances. (We do not include industries sometimes put in this category but covered in other profiles: autos, apparel, entertainment products, and consumer durables, which are large appliances and other products expected to last more than three years).

The consumer products industry can be divided into four groups: beverages, food, toiletries and cosmetics, and small appliances. Most firms offer products that fit primarily into only one of these groups, although a firm may have a smattering of brands that cross the lines. Virtually all companies are similar in organizational structure, emphasis on brand management, and approach to business.

Consumer products are the foundation of the modern, consumer economy. The industry itself not only generates an enormous portion of the gross domestic product, it also pumps huge amounts of money into other industries, notably advertising and retail. Individual consumers make up the majority of this industry's customers; sales are concentrated in the United States, Japan, and Western Europe, though other parts of the world are working hard for the privileges of wearing clothing emblazoned with company logos, eating processed food, and chopping vegetables with an electric motor instead of a traditional utensil. Success in consumer products is all about marketing an individual product, often by promoting a brand name. The competition is ferocious for shelf space, so package design, marketing, and customer satisfaction are key elements.

Get the right balance between demand and supply, optimize warehouse stocks, better controls incoming and outgoing flows, and be equipped to rapidly adapt to change.

 

Consumer Product – Supply Chain

Competitive companies need advanced systems that let them see and act instantly on all of the metrics, KPIs, costs, and margins that make a business consistently successful. IT Systems Planning solutions help you deal clearly with the complexity of your supply chain at the appropriate level of detail without compromise, and help you understand the impact of the decisions you make.

Benefits:

· Demand Planning—With powerful features for increasing forecast accuracy, IT systems demand Planning combines a Demand Forecasting module and Inventory Planner

· Advanced Scheduling—Advanced Scheduling simultaneously schedules all operations on all production lines, including any inter-dependencies, to deliver a totally synchronized schedule-down to the minute.