Fric Guangzhou Advertising Products Co.,Ltd

07/07/2024

https://www.linkedin.com/posts/gzfric_dove-fijishowcase2024-activity-7215585260405735424-CKTR?utm_source=share&utm_medium=member_desktop

23/10/2023

Pain points and challenges of Point of Sale Materials:
1) Thousands of products: It is difficult to manage demands.
2) Ever-changing materials and processes: It is difficult to describe requirements.
3) Too many variables and different standards: It is difficult to compare prices.

If the enterprise does not carry out optimization, it will have many negative impacts and increase costs, including but not limited to time cost, opportunity cost, risk cost, etc, It will also affect customer satisfaction, both internal and external.

Since this is a systemic problem, it needs to be solved systematically. But to solve the problem, must first know what the source of the problem is. The three major pain points all require a team that is proficient in creativity, understands brands, is good at various materials and processes, and also has a stable and complete supply chain. This can ensure the rapid implementation of creativity, use professional knowledge to control and eliminate risks in each link, thereby ensuring company's overall cost is optimal, including marketing department, purchasing department, external customers,
Also includes tangible costs and intangible costs.

Point of Sale Materials are part of indirect procurement. According to Kearney's survey, indirect procurement accounts for 10%-15% of total procurement, and the cost reduction space is also 10%-15%. If management is optimized, the profit margin of the enterprise can be increased 1%. This deserves immediate action by every business.

If you want to know more, please discuss or contact us.

17/04/2021

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02/04/2021

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02/04/2021

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02/04/2021

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