Nick Schoenfeld’s Post

Still trying to get control back of your supply chain? Looking for a better smarter way to manage your inventory? BGR can help. Message me for a free plant visit to discuss how we can help you.

In the intricate world of food manufacturing, ensuring the integrity of financial transactions and maintaining solid partnerships with distributors and operators are paramount. iTradeNetwork understands the landscape is fraught with challenges, including the risk of rebate double-dips and the subsequent fallout of distributor invalid billback claims. Explore the guiding principles that food manufacturers can adopt to prevent rebate double-dips and safeguard financial stability and industry partnerships in our e-book, linked here: https://lnkd.in/g2-FT3DD #foodservice #tradespend #tradespendmanagement #foodmanufacturing

Really good article, the supermarket issue is being dealt with incorrectly, missing the key issues Chief among these goes to their treatment of primary producers, where the big two can effectively decide what the agreed wholesale price of a product is, regardless of how much it is costing the farmers to grow. For consumers, our key question goes to greater transparency around pricing, at a time when inflation is hurting many. Other sectors already have been required to improve pricing transparency and remove the tricks So, its protect our producers ( food security) and consumers, not attack capitalism

Our 1Q24 results have been published. Here are some of the key points: 🔹 Soft performance in 1Q24 in line with communication at year-end, pick up expected in 2H24. 🔹 Continued good momentum in aftermarket revenues at EUR 205.7m in the quarter and above 800m in trailing twelve months. 🔹 Revenues of EUR 413m and 7.9% EBIT. 🔹 Ongoing actions to lower cost base, including 9% reduction in FTEs YoY (2% QoQ). "The first quarter results were soft, as indicated in the Q4 2023 results, with EUR 413 million in revenues and an 7.9% EBIT margin. We continue to perform well in the aftermarket reaching EUR 800 million in trailing twelve months revenues, while project revenues have declined materially in line with the soft project orders received and weaker order book. We have been taking decisive cost actions with increased cost discipline to manage through the cycle and improving working capital management. It is, however, clear that further build up of the order book is needed to improve operational performance." - Arni Sigurdsson, CEO of Marel Read more: https://bit.ly/3UOw4cI

Dive into the world of pricing analysis methodologies with our latest blog! 🚀 Learn about Van Westendorp, Conjoint Analysis, and Max-Diff, and discover how they can empower your association's pricing strategies. #PricingStrategy #AssociationManagement 📊 https://lnkd.in/eHqM5kAK

🍀 In case you missed it 🍀 EFRAG finalized it's 3 CSRD guidance documents this weekend: 1. Materiality assessments 2. Value chain 3. Detailed ESRS datapoints All 3 can be accessed here: https://lnkd.in/eAZhyZtF The latest version of the Q&As can be accessed here: https://lnkd.in/eGdyet3M

Many businesses we speak with have processes in place for their production and traceability, but it's only when researching and speaking to us that they discover the massive benefits of going from paper-based systems to electronic ones. Click to find out about 5 not-to-be-missed functions of electronic recipe management systems here https://lnkd.in/ebdXqzTV

EET v1.1.2 is coming into the market really quick. I created an easy guide that shows all the changes between the old v1.1.1 and the new version 1.1.2 It is important to mention that there are a few important changes that were not highlighted in the new template. I hope the guide helps to identify any required changes. You can download it here: https://lnkd.in/eF2q4Rx9 Or send me a message and I can share the PDF and the excel highlighting the changes with you.

Dive into the world of pricing analysis methodologies with our latest blog! 🚀 Learn about Van Westendorp, Conjoint Analysis, and Max-Diff, and discover how they can empower your association's pricing strategies. #PricingStrategy #AssociationManagement 📊 https://lnkd.in/e7u2TP4S

Why do you need a Goods Received Note (GRN)? 📦✨ Goods received note (GRN) acts as a medium that confirms both parties have kept to their part of the contract and stores that record for future reference, should it be required or if disagreements arise. 📦✨ Such situations include: ✔️ Quality and Quantity Assurance: GRN plays a crucial role in validating the quality and quantity of supplies, ensuring that your business receives what it expects. 📦🔍 ✔️ Quality Control and Issue Management: Act as your quality control superhero! GRN helps in managing issues effectively, allowing you to address concerns promptly. 🦸🛠️ ✔️ Three-Way Matching of Invoices: Simplify your financial processes! GRN aids in the validation of invoices during three-way matching, ensuring accuracy in your financial transactions. 💵🧾 ✔️ Inventory Management and Stock Updates: Stay in control of your inventory! GRN is an essential tool for managing inventory and keeping stock levels up to date, facilitating smoother business operations. 📈📊 #SVT #SVTAdvisors #GRN #GoodsReceivedNote #BusinessEssentials #InventoryManagement #QualityControl #ContractCompliance #BusinessIntegrity #GRNBenefits