"A journey of a thousand miles begins with a single step."
The fast moving consumer goods industry is composed of both food and non-food products. The products have a very short shelf life either due to high demand or a rapid rate of product deterioration. The high demand can cause transportation and distribution costs to be quite high. Fast moving consumer goods generally have low profit margins. Large sales quantities help companies in the industry to realize significant gains on the products sold.
Companies in the fast moving consumer goods industry are often required to track immense quantities of products, the use of advanced computer and product identification systems is almost necessary to ensure proper inventory usage. It is very important in this industry for companies to properly manage their product, inventory shrink can be a significant source of loss without proper management.
Noted problem areas in the fast moving consumer goods industry:
- Supply chain strategies
- Inventory optimisation
- Sourcing & Procurement
- Network optimisation
Supply Chains are our specialty at Global Supply Chain Group we will work with your company to ensure your inventory is managed properly as well as implementing the best strategy for distribution and acquisition of your products.