This week we will move back to the fresh meat and seafood industries to discuss HAACP regulations and their real effect on cost structures.

Keeping our Eye on Key Technologies we will focus on tools Fortune 1000 Companies use to “see” their business through Business Intelligence software (BI).

After attending the 48th Annual NAMP Conference in Chicago I though I would share with my readership some "costly" lessons learned.

This week we will focus on simple ideas to cut your inventory costs using technology.

This week we will focus on simple ideas to cut your inventory costs using technology.

In most Food Distributor/Processing environments the biggest asset is Inventory. The fact is, most of us are not aware that the estimated cost of “carrying” inventory is 30 to 40 percent of the value of the inventory. It is simple math, if you have $500,000 dollars of inventory, then true cost of that inventory is $150,000 to $200,000, plus the inventory cost itself.  This is a very compelling reason to cut inventory levels while still maintaining your current sales level. 

This week we will be discussing very simple ways to help control your health care costs.

For those of us paying the bills we don’t need a lot of nudging to remember what we are experiencing in health care right now in America. Even though the rate of inflation is under 3% annually, we still have to deal with out of control fuel (which we focused on last week) and health care costs.

We have discovered certain trucking companies are paying up to 8 cents less than the national average for fuel. How do they do this?

This week we will be discussing the "Pillars of Profitability," taken from the Study of Food Industry Report that is produced by the NAMP organization. Specifically focusing on the Personnel Productivity Ratio, or the PPR. Your comments are welcome.

Welcome to the first issue of the Food Connex Newsletter. As the tag line says we are all about Cost Cutting for Food Distributors...

My name is Paul Hernandez-Cuebas and I am the President of  Integrated Management Solutions, Inc a Company focused on cost cutting in the Food Distribution and Processing Industries. I wanted to create a vehicle not loaded with fluff or a shill to push other vendor's products but an honest, straightforward information tool to help food-guys of all sizes. Especially those guys who are so busy running a business that journals and trade publications do not become part of their weekly reading.



Issue 598 - Setting the Standards

 

We'll keep following last week's thread about Inventory Management and Profitability.   Food is a very unique industry, so making sure we measure ourselves against our industry cousins is important to understand the standard we are measured against. Got to know the other guy's score to see if you are a winner. Again focusing on inventory value and getting it right is one of the two key elements of our T&E analysis.

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