The The Boston Beer Company is focused on three initiatives to cut costs and modernize its supply chain, according to President and CEO Dave Burwick during a Q2 earnings call.
The Boston-based brewer is reviewing supplier contracts to be more reactive to changing demand, while focusing on raw materials and packaging. The company is also moving some volume back to internal breweries to cut back on production and co-manufacturing costs.
The Boston Beer Company is also optimizing its network to reduce freight and warehousing costs, and implementing systems to improve inventory management.
Margins and sales continue to be a challenge for many enterprises. A business review of data including health check of reports along with the budget, forecasting, costing, capital, cash flow, demand, capacity, and HR planning may find ways to increase profits by product, facilities, and geographies.
Here are links that can assist with your data and AI journey as part of your planning, forecasting, budgeting, capital planning, cash flow forecasting, analysis, activity-base costing, demand planning, capacity planning, HR planning, and reporting cycles (operational, management, and regulatory):
Stock market - Blog – Stock Market for the week-end August, 5, 2023 - https://lnkd.in/gyghqTyp
Key Environmental Areas – https://lnkd.in/gmKExD7a
Scenario Planning - https://lnkd.in/g2M6Rka4
ESG reporting Standards? - https://lnkd.in/gnms3fy7
Close, consolidate, and reporting - https://lnkd.in/gARHRXB4
GAP Analysis - https://lnkd.in/e9waApw
Data Management - https://lnkd.in/g8SvPfDx
Circularity - https://lnkd.in/gJwAujhp
Biodiversity - https://lnkd.in/gJxv-fZj
#profitability #sales #margins #inventory #cashflow #EBITDA #EBIT #production #integration #integratedplanningandreporting #sustainability #ESG #carbonfootpint #regulatoryfilings #ESGreporting #capitalmanagement #Operationalreporting #managementreporting
Scientific Area Sales Manager | Veolia Water Technologies UK
1moSo many friendly faces in this video ! 🤗 For YEARS I've dreamed of a day where the company would dare record the actual R&D team, and not scripted actors. Let people in on the secret, share the passion for a few seconds. Show the world how good these people are. ❤️ I've been gone almost three years now, and I can hardly make half of the people in there... But to you all - and the others I never had the chance to meet - I send the warmest of greetings. May your caffeinated, creative juices never run dry ! ☕️