CARGOCONNECT-MAY23 - Flipbook - Page 73
FMCGCONNECT 2023
“With smart SKU management techniques, companies can easily pull inventory performance
data for each SKU to help forecast demand, identify selling trends as well as best-selling
and slow-moving products and the ones that perform better or drive demand in established
and growing markets, so that companies know how frequently to reorder each SKU and
make accessibility easier for distinct inventories and importantly, optimise storage and
returns cost. Keeping SKU count simple not only helps with inventory forecasting but may
make decisions easier for customers too.”
RAHUL GUPTA
Sr Vice President– Procurement (Europe, India & Central Asia) and Planning– India, Amway
“Businesses are recognising the growing business opportunities arising from embedding
sustainability into their practices. Opting for sustainable packaging is one of the most
impactful ways FMCG companies can reduce their emissions. Similarly, in logistics, it
is key that companies consider the use of more sustainable transport options like EVs.
At Tata Group, we are identifying critical sustainability issues across the entire supply
chain and working to address them while helping suppliers and vendors manage their own
environmental and social impact. With honest and transparent reporting, we resonate with
customers and stakeholders which is a critical aspect of brand loyalty.”
TANMAY BORULKAR
National Supply Chain Lead and Manager, Trent Hypermarket – Star Bazaar – A Tata & Tesco Enterprise
“The goal should be to maximise supply performance while minimising any of the causes of
lead time variability, both in demand and supply. Long lead times increase the probability
of a bullwhip effect, so the need is to find ways to reduce lead time from sources of supply,
since it maximises response time and helps to react quickly to changing demand. With
the availability of data to allow more predictive analytics to work in favour, companies
can develop better processes and start limiting the impact of lead time variability on their
production bottom line as well as fulfilment.”
ANKUR BHAUMIK
Chief Operating Officer, MTR Foods (MODERATOR)
“Retailers need to constantly explore ways to minimise and increase the speed of returns so
that markdowns and holding costs can be reduced. With the use of analytics, retailers can
find out whether certain SKUs are returned more than others and if certain pin-codes have
a pattern of frequent returns. Placing FCs and DCs near to hub markets can help retailers
distribute return volume appropriately and in the most cost-effective way. Meanwhile,
availability of shipping movement and tracking information across all departments can
help in planning and organising resources.”
DURGESH AGARWAL
Vice President– Supply Chain and Operations, IDAM House of Brands
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