Free Essay

Food and Beverage Industry

In: Business and Management

Submitted By akilanur
Words 1700
Pages 7
FOOD & BEVERAGE INDUSTRY

PRODUCTION OPTIMIZATION SOLUTIONS FOR RESPONSIBLE AND PROFITABLE OPERATIONS

TRENDS & ISSUES IN THE FOOD &
Global market forces are driving the continual evolution of the food and beverage industry. Consolidation, changing consumer preferences and increasing government regulations are dramatically impacting manufacturing and business strategy. In this fiercely competitive marketplace, you must offer a greater variety of products to meet consumer demand. At the same time, you must consistently and cost-effectively produce high quality products. To be successful , you need to focus on three key business issues: financial performance, sustainability, and brand equity.

FINANCIAL PERFORMANCE
In today’s global marketplace, where growth via acquisition is prominent, the key to sustained positive financial performance is the ability to understand and respond to consumer demands and competitive pressures while reducing cost of production.

BEVERAGE INDUSTRY
SUSTAINABILITY
Manufacturers want to have a positive impact on society and the environment. In addition, they want to turn sustainability challenges into business advantages. At the heart of a well-planned sustainability program is the belief that corporate investment in environmental and social responsibility must strengthen business performance to be successful. It must reduce environmental impact, achieve genuine economy in the use of resources, deliver a return on investment, and enhance the equity of your company. Through automation, three major sustainability objectives can be addressed: • Energy conservation and efficiency • Environmental responsibility and resource management • Safety for workers, machinery, processes and products

BRAND EQUITY
Customer loyalty is key to the success of your business, and maintaining customer loyalty is achieved through consistently manufacturing high-quality products, batch after batch. In doing so you add value to your brand. Therefore, protecting your brand equity is the core to financial strength,whether you are providing a local product, a high-value import, or a global mega-brand.

RESPONDING TO YOUR DAILY CHAL
COMPETITIVE SITUATION
Producing quality goods at the lowest possible cost is a major concern. Manufacturers are responding by identifying opportunities to improve production efficiency by using information systems that monitor operations and provide the capability to analyze results and determine the root cause of problems. The performance of assets is being improved as maintenance regimes are stepped up with improved support and better management of spare parts. And, you are reducing utility costs by installing information systems to monitor utility usage and identify opportunities to reduce costs. the gamut – from those who want healthier choices to others who want more convenient packaging and unique flavors. This increased volume and diversity of products is causing plants to design their lines based on shorter production runs with more changeovers. Meeting these demands requires operational flexibility. You must be able to easily add new products to the mix, change recipes on the fly and quickly implement new operational procedures. In addition, you must execute these changeovers while meeting high sanitation and environmental requirements. All of this has to be done smoothly to reduce time-to-market and limit the impact on operations.

MULTIPLE AND VARIED PRODUCTS
We live in a mass-customized society – one where consumers want it their way, with the quality and cost levels that they have come to expect. This creates significant pressure on food and beverage manufacturers who have the difficult task of meeting the ongoing evolution of consumer demand. Today’s consumers run

CUSTOMER SATISFACTION
While speed and flexibility are crucial, plants must also take the steps needed to ensure the highest quality possible. The key to maintaining brand equity, which is paramount in this industry, is product consistency — not only batch-to-batch, but facility-to-facility. To meet these

LLENGES consistency requirements, companies need advanced automation and information technology. This technology will help ensure that each batch and each operation is performed the same as the previous one, while simultaneously allowing operators to compensate for process changes and raw material variability that can impact the finished product. and in-process material through the entire facility to meet regulations and provide information if a product recall is required. You may be looking at the vulnerability of the networks, automation and information systems and implementing changes to protect your systems from intruders.

SUPPLY CHAIN INTEGRATION
Distribution is another key challenge. Many plants have evolved from make-to-stock operations to a demand driven model where the completed product is shipped directly to retail outlets. Products no longer sit in a distribution center after production. Each order passing through the plant is for a specific customer, and has a defined delivery date. This means you must manage operations to ensure that production orders are scheduled and executed on time, and delivery requirements are consistently met.

PRODUCT SAFETY AND SECURITY
As concerns over food safety and transparency continue to grow in the minds of consumers, you are required to improve the processes you have in place that monitor quality and track material through the facility. At each critical control point of the production process, systems are being installed to monitor operations in order to verify that operations have been properly executed. Systems are being implemented to track all raw

ROCKWELL AUTOMATION IN THE FOOD
To address your daily challenges, you need to implement automation and information technology to maintain product consistency and improve manufacturing flexibility and agility. However, that alone isn’t enough. Today’s truly successful manufacturers understand the value in integrating the factory from beginning to end, bridging islands of automation and carrying data throughout the plant to provide information for improving operations and reducing costs. The solution lies in an integrated information and control architecture offered by Rockwell Automation. It provides a foundation that enables flexible and agile manufacturing, while simplifying the exchange of real-time data between plant floor processes and information systems. Unlike traditional architectures, the Integrated Architecture™ from Rockwell Automation reduces the total cost of ownership by using a single automation infrastructure for the entire range of manufacturing applications.

INTEGRATED ARCHITECTURE
Integrated Architecture from Rockwell Automation uses sophisticated control, networking, and visualization technologies that help increase your productivity and reduce your total cost to produce your product. It allows you to install a single automation layer across the entire plant. This layer supports the needs of the batch operations (mixing, blending, mashing, fermenting, etc.); continuous operations (baking, cooking, forming and pasteurization); and discrete control in the packaging area, including machine control and motion. Integrated Architecture not only provides an information-enabled automation platform, but also provides the connectivity and control for all operations. This includes field instrumentation, pump systems, conveyor systems, steam and heating operations, valve control and process monitoring. It provides a single interface for programming changes and helps bridge the gap between the enterprise level and the plant floor by unleashing the relevant real-time information and exposing it to the people and systems that need it.

& BEVERAGE INDUSTRY
Control Room Receiving Material Handling

Shipping

Raw Material

Processing Packaging Batching/Blending

Rockwell Automation, the leading supplier of automation and information solutions to the food and beverage industry, has helped thousands of manufacturers meet challenges and gain a competitive advantage through better control of the factory floor and better integration of manufacturing information. As a comprehensive global service and support organization, we work with you to identify issues, perform evaluations and provide recommendations and project plans to give you an inclusive plan for success. In addition to Integrated Architecture, we provide the following automation & information solutions that complement Integrated Architecture, and help you solve your business issues.

INDUSTRY APPLICATIONS
• • • • • • • • • • • • • • • • • • • Asset Utilization Digital & Batch Blending Brewhouse Control ERP Connectivity Formula Management HACCP Management KPI Dashboard Packaging Line Performance Mixing Optimization Oven Optimization Tracking & Tracing Process Historian Recipe Management Regulatory Data Management Routing Scheduling/Order Management Power & Energy Management Solutions Production Management Batch Processing

AUTOMATION & INFORMATION SOLUTIONS
• Logix Controllers • PowerFlex® Drives • Essential Components • Process Solutions • FactoryTalk® Software • Intelligent Motor Control • Safety Solutions • Services & Support

REFRESHING RESULTS
The Rockwell Automation solution has helped us make a cultural change, bringing various departments together to communicate, collaborate and make improvements based on real issues,” said Cambron. “We’re already seeing the benefits of this analysis and we look forward to building upon it in the future.” ~ Clos du Bois “We’ve had a long relationship with Rockwell Automation and the majority of our applications are built on their control systems,” said Bramow. “Rockwell Automation listened to our problems and offered a solution that could be tailored to help us overcome our unique challenges. We also had peace of mind knowing that we had local support during and after the installation. We didn’t get that assurance from the other vendors.” ~PepsiAmericas “We selected Rockwell Automation not to just be a short-term, one-project supplier, but to be a long-term partner,” said Bramow. “This solution has helped strengthen our competitiveness in the industry and it has enabled us to take a more proactive approach to optimizing our operations.” ~PepsiAmericas We chose RSBizWare Batch to write the recipes for the milk preparation process and to control the clean-in-place (CIP) process for each tank,” said Kurio. “RSBizWare Batch follows the ISA S88 model, providing us with a ‘cut and paste’ approach to easily develop and reconfigure recipes. We are currently using eight milk recipes and 10 CIP recipes.” ~ Canbra Foods “We’ve been able to achieve additional savings through increased batch accuracy,” Kurio added. “On top of that, worker safety has improved since they no longer have to handle 30- to 40-pound bags of material.” ~ Canbra Foods “Our goal is to produce accurate, easy to use blending machines, with a good degree of reliability,” said Rasner. “Being able to include technology such as the ControlLogix controller enables us to meet this goal, and have the flexibility to expand and enhance the technology to meet the customer’s evolving needs.” ~ CRG Logics “Rockwell Automation took the time and energy to understand the challenge we were facing and offered us a variety of solutions,” Williams said. “While I expected the high product quality, I was impressed by the support and quick responses I received from the Rockwell Automation representatives. From that standpoint, it was the customer service component that truly cemented our decision.” ~ Diedrich Manufacturing

Publication FOOD-BR001C-EN-P – May 2008

Copyright ©2008 Rockwell Automation, Inc. All Rights Reserved. Printed in USA.

Similar Documents

Premium Essay

Food And Beverage Industry Case Study

...The food and beverage industry that we are going to enter is huge and wide especially in UAE, because UAE is one of world's leading food and beverage markets. According to report done by KPMG company in 2016 “ the food and beverage industry size measured by euromonitor was approximately AED52.4 billion ’’. The F&B industry continue growing due to the position of UAE as a global tourism country and the different cultures in it. The food industry in UAE divided into three major segments: retail outlets, other market outlets, restaurants. So in this fragmented industry we chose to open new restaurants for healthy fast food. There are about 2755 restaurants in Sharjah , 4600 in Dubai , and 2800 in AD , where 54% of people in AD eat out fast...

Words: 1064 - Pages: 5

Premium Essay

Case Study: Pomodoro, Inc.: Food and Beverage Industry.

...Case Study: Pomodoro, Inc.: Food and Beverage industry. USA employment related Laws and Regulations which includes Anti- sexual harassment and a comprehensive interpretation of the laws as they apply to Pomodoro, Inc. Introduction: Pomodoro, Inc. will need to become familiarized with the employment laws and regulations that are governed by the United States Department of Labor and the United States Equal Employment Opportunity Commission. This paper will give a summary of each law or regulation. This position paper is going to brief the audience globally on the USA employment laws and regulations but not limited to Sexual harassment, Wage and Salary Legislation, Recruitment, Interviewing, Affirmative Action, Equal Employment and the ADA. This paper will go over the history of a few of the important acts that have been passed over the years to protect employees in the United States. It will also discuss the major protections that these acts provide and who are eligible for that protection. Now that the Pomodoro, Inc. is now a global business environment, the working individual overseas are relying on paid work, to make a living, and for the social and economic wellbeing of the community where they live, and encouraging more and more people, organizations, even nations to concern about the employment relationship. ('UK'). What is Employment Law and why is it important? Employment laws are put into place to protect employees from any mistreatment by their......

Words: 1206 - Pages: 5

Free Essay

Hospitality and Tourism

...Running head: CAREERS IN LODGING AND FOOD AND BEVERAGE 1 Principles of Hospitality & Tourism Management Careers in Lodging and Food and Beverage Industries November 17, 2013 Careers in Lodging and Food and Beverage Industries The American Hotel & Lodging Association, AH&LA is an association that represents the lodging industry, as well as its stakeholders ("American hotel &," ), whereas the National Restaurant Association, NRA, is the association that represents the restaurant industry (Gray, 2009). They both provide a host of services to aid in the development, organization, operation and success of the many restaurants or lodging companies they serve. They also provide thousands of jobs to people as well and the outlook of jobs looks more promising, which will be discussed later in this paper. According to the U.S. Industry Report in October 2013, service industries such as lodging and restaurant industries are experiencing growth in revenues which will in turn promote more non-management and management jobs (Hodges, 2013). The AH&LA and NRA’s web sites are portals to many of the jobs that are available. On the AH&LA’s website, there are over 70 categories of management jobs and search results yield 13,330 opportunities nationally and internally. Some of the management categories include Chef, Administrative, Events, Operations, Entertainment, Customer Service, Food and Beverage, Gaming, Hotel, Restaurant, Unit,......

Words: 1903 - Pages: 8

Premium Essay

Pepsico

...Fin573 Fall 2007 Manager: Suhardi Abadi Sector: Consumer Staples Industry: Food and Nonalcoholic Beverage Company: PepsiCo (PEP) Recommendation: BUY 70 SHARES Company Overview PepsiCo is part of the global snack and beverage industry. Originally incorporated in 1919, the company manufactures, markets and sells a variety of salty, convenient, sweet and grain-based snacks, carbonated and non-carbonated beverages, and foods. With a market capitalization of $120 billion, PepsiCo is one of the largest manufacturers of branded food and beverages in the world with businesses in the United States and in more than 200 countries. Industry Overview The United States food and nonalcoholic beverage industry consists of companies that process or manufacture packaged foods and beverages for human consumption. The food companies’ produce goods such as dairy products, baked goods, microwaveable/instant dinners, condiments, and snack foods. They sell their finished goods to food retailers, which in turn sell the products to consumers. The beverage companies manufacture carbonated soft drinks, bottled water, juices and juice drinks, sport drinks, and ready-to-drink teas. The beverage industry in general is grouped into bottling companies and franchise companies (or brand owners). Bottlers are generally responsible for manufacturing, selling, and distributing products under brand names licensed from brand owners in an exclusive territory. However, bottling systems are not......

Words: 4205 - Pages: 17

Premium Essay

List Sme

...| | |MyCoID : |726422-D | |Company Name : |AFILA RECETA SDN. BHD. | |Company Address|86 Jalan Penerbit U1/43 | |: | | | |Temasya Industrial Park | | |Glenmarie | |Postcode : |40150 | |City : |Shah Alam | |State : |SELANGOR | |Tel : |03-5569157|Fax : |03-55691570 | | |0 | | ...

Words: 1273 - Pages: 6

Premium Essay

Strategic Analysis of Kraft Foods

...Kraft Foods Company, with special emphasis on Value chain and National Diamond model Solution: Industry Overview Kraft Foods Inc operates in the food and beverages industry. The industry is constituted by those companies that involve in stages of activities from procuring the raw food material after harvest till the retail purchase. The activities involved are the processing of raw food materials, manufacturing, packaging the food products and distributing them. The products may be fresh, prepared foods, packaged foods, alcoholic and nonalcoholic beverages. All the products that are meant for human consumption except the pharmaceutical products belong to this industry. The dairy sector forms the largest part of the food industry. The baked and cereal items and chilled foods are the close second and third. In case of the beverages industry, it is divided into alcoholic and nonalcoholic segment. A vast of the alcoholic market is made up of beer, cider and other flavored alcoholic beverages. On the other hand, soft drinks, coffee, tea, juice and water constitute the nonalcoholic beverage market. The industry is highly competitive and fragmented. Though the competition is among few notable players, no player has a dominant position to dictate the price levels. The players rely largely on advertisements to promote their brand and secure the market position (Food and Beverages Industry Profile, 2009). Market size: With over 16.5 million people employed, the US food and......

Words: 2399 - Pages: 10

Premium Essay

Strategic Analysis on Kraft

...Kraft Foods Company, with special emphasis on Value chain and National Diamond model Solution: Industry Overview Kraft Foods Inc operates in the food and beverages industry. The industry is constituted by those companies that involve in stages of activities from procuring the raw food material after harvest till the retail purchase. The activities involved are the processing of raw food materials, manufacturing, packaging the food products and distributing them. The products may be fresh, prepared foods, packaged foods, alcoholic and nonalcoholic beverages. All the products that are meant for human consumption except the pharmaceutical products belong to this industry. The dairy sector forms the largest part of the food industry. The baked and cereal items and chilled foods are the close second and third. In case of the beverages industry, it is divided into alcoholic and nonalcoholic segment. A vast of the alcoholic market is made up of beer, cider and other flavored alcoholic beverages. On the other hand, soft drinks, coffee, tea, juice and water constitute the nonalcoholic beverage market. The industry is highly competitive and fragmented. Though the competition is among few notable players, no player has a dominant position to dictate the price levels. The players rely largely on advertisements to promote their brand and secure the market position (Food and Beverages Industry Profile, 2009). Market size: With over 16.5 million people employed, the US food and......

Words: 2399 - Pages: 10

Free Essay

Anime

...Management and Tourism 2011 Trends in the Food and Beverage Sector of the Hospitality Industry Detta Melia Dublin Institute of Technology, detta.melia@dit.ie Follow this and additional works at: http://arrow.dit.ie/tfschmtcon Recommended Citation Melia, D.:Trends in the Food and Beverage Sector of the Hospitality Industry. EuroCHRIE Conference, Dubrovnik, Croatia, October 2011. This Conference Paper is brought to you for free and open access by the School of Hospitality Management and Tourism at ARROW@DIT. It has been accepted for inclusion in Conference papers by an authorized administrator of ARROW@DIT. For more information, please contact yvonne.desmond@dit.ie, arrow.admin@dit.ie. This work is licensed under a Creative Commons AttributionNoncommercial-Share Alike 3.0 License Paper Title: TRENDS IN THE FOOD AND BEVERAGE SECTOR OF THE HOSPITALITY INDUSTRY Detta M. Melia School of Hospitality Management and Tourism Dublin Institute of Technology Cathal Brugha Street Dublin 1 Detta.melia@dit.ie Key Words: Trends, Food and Beverage Sector, Hospitality Industry, Drivers for Success 1 Abstract The hospitality sector in Ireland represents an important part of the tourism industry and comprises hotels, restaurants, pubs and clubs, guesthouses and self-catering operations. The largest component within the Irish hospitality sector is hotels. In addition to hotels, food and beverage operations comprise a significant proportion of the industry. These businesses operate in a......

Words: 5054 - Pages: 21

Premium Essay

Picking a Career in Hotel and Lodging or Food and Beverage Management

...Picking a Career in Hotel and lodging or Food and Beverage Manage Principles of Hospitality & Tourism Assignment 1: Careers in Lodging and Food and Beverage Many people go to college to prepare for careers in either the hotel or lodging industry or the food and beverage industry. For those still preparing in school, now is a good time to think about which one of these will be the right choice, if they are still uncertain. To make an informed decision, a description of what types of jobs an aspiring manager can expect in each industry will be given. In particular, a look at how life differs for the lodging GM versus the food and beverage GM will be included. It will also be helpful to see how each of these industries has fared economically in the recent past, and forecast how they will perform during the next decade. Finally, what each industry can do to attract and retain great managers will be recommended. Breakdown of Lodging Management This type of management position requires a person who is good at being organized and communicating well with all sorts of people. The more able the candidate is at operating efficiently under pressure, the better. This position will demand that the holder can make difficult decisions quicker on their own. This management position can be quite monotonous and require more than 40 hours per week, and some managers have to be on-call every day in case of emergencies. Management positions can be divided into different types that......

Words: 1637 - Pages: 7

Free Essay

Correlation of Academic Marks and Level of Performance

...PRACTICUMERS IN THE FOOD AD BEVERAGE SERVICES IN DAVAO CITY BY: COLLO, ELOISA CARLOS, JASON ENRIQUEZ, LEILA ANNE COMPASION, MARIZ SINCO, CAROLINE MARAMBA, JENEVY CHAPTER 1 INTRODUCTION One of the fastest growing sectors of the economy is the hospitality industry. It attracts diverse kinds of people with different fields of interest . People have always gone out to eat sometimes and travelled for work or leisure purposes, and with these, HRM graduates working as staffs are needed to accommodate the clientele. The hospitality industry is defined as the activity of providing lodging, food and beverage and recreational services, which are included but not limited to hotels, motels, clubs, casinos, restaurants, recreation facilities, tourism, cruise line and theme parks. For many years now there has been an evident growing increase in the demand for competent skilled personnel in the food and beverage industry both locally and abroad. The said industry encompasses a wide range of specialized services. Responsible dining room management, qualifications, personal appearance, the importance of teamwork, customer service and up-selling techniques are key traits and know-how in this industry. It requires good knowledge on the organization of the dining room and table settings to classification of textiles, glassware, flatware and china. This also includes the management and service of wine, beer and spirits. In addition, know-how on hotel food and beverage......

Words: 1819 - Pages: 8

Premium Essay

Ffffffffffffff

...PEPSICO CORPORATION STOCK ANALYSIS Presented by: St. John’s University Undergraduate Student Managed Investment Fund April 29, 2003 Recommendation: Purchase 400 shares of PepsiCo stock at market order Industry: Food and Beverage Kristopher Cartagena – kcart26@yahoo.com Dion Demetropoulos – Ddeme829@aol.com Tenisha Martin – tenishax@hotmail.com Share Data: Price - $42.65 Date – April 25, 2003 Target Price - $50.65 52 Week Price Range - $53.23 - $34.00 Market Capitalization – 74.5 billion Shares Outstanding – 1.72 billion Revenue 2002 – $25.112 billion Stock Chart: Fundamentals: P/E 2002 – 22x P/E 2003 – 19x Earnings Per Share Estimate: EPS 2003E = $2.28 EPS 2003 Consensus = $2.20 EPS 2004E = $2.45 EPS 2004 Consensus = $2.44 MEMORANDUM TO: Student Managed Investment Fund St. John’s University FROM: Kristopher Cartagena Dion Demetropoulos Tenisha Martin DATE: April 29, 2003 SUBJECT: ANALYSIS OF PEPSICO STOCK AS AN UNDERVALUED SECURITY This is the research report that was requested on January 23, 2003 about PepsiCo stock and whether it should be incorporated in to the Student Managed Investment Fund. The analysis was done primarily through secondary research. The analysis revealed that PepsiCo’s stock is currently undervalued at $42.65, as of April 25, 2003. We used a relative valuation model, and determined PepsiCo’s target price to be $50.65. In addition, we used a multi-stage dividend discount model, and......

Words: 11215 - Pages: 45

Premium Essay

Gati Data

...SAI KIRAN 1226113115 NON ALCOHOLIC BEVERAGE INDUSTIRY: SOFT DRINKS SUMMERY: Non-alcoholic beverages sector, which is currently being looked at as a non-corporate small- and medium-scale dominated segment, needs extensive reforms in order to develop as a complete corporate sector. In 1993, the consumption of aerated beverages in India was a meager three servings, per person, per annum. Cut to 2013, industry estimates cite that Indians have a per capita consumption of 14 servings. While that’s small when you compare the global average of 94 servings, India, because of the sheer weight of its population, is a huge force to reckon with for the world’s leading food and beverage corporations. Currently the influx of FDI in overall food processing sector is 1.8% of the total FDI ($147.08 billion) India got between 2001 and 2011. Out of this, the non- alcoholic beverage sector got approximately $19.44 million under automatic route while its contribution to India’s GDP was around $1.6 billion. Companies under the Indian beverages sector have operations in more than one state and the difference in taxation and other factors create barrier for the sector. Issues like implementation of GST (Goods and Services Tax) would certainly help the entire F&B industry. Inflation has got entrenched and monetary policy does not have any or has very little impact on food prices and fuel prices, food grain prices were moving upwards faster than other food items. The increase in the......

Words: 2298 - Pages: 10

Premium Essay

Dfdsfdsf

...Prospectus for food and beverage according to company act Section 136-140 1.Inclusion * In food and beverage industry under this section the person by whom the offer is made, and not the company, shall be liable under sub section (2), to repay money received from applicants, and references to the company’s liability under that sub section shall be construed accordingly. 2.Modification * Under this section a prospectus inviting persons to subscribe for shares in or debentures of a company shall include a statement purporting to be made by an expert, if the expert is a person who is engaged or interested in the formation or promotion or promotion or management of the company. It will be more effective for food and beverage sector. * In food and beverage industry if any prospectus is issued in contravention of sections 136 and 137, the company and every person, who is knowingly a party to the issue thereof, shall be punishable with fine which may extend to seven thousand taka. * Prospectus of food and beverage industry shall state that application has been made for permission for the shares or debentures offered there by for being dealt in a stock exchange, if it is a recognised stock exchange. 3.Amendment * A prospectus inviting persons to subscribe for shares in or debentures of a company shall not include a statement purporting to be made by an expert, unless the expert is a person who is not, and has not been, engaged or......

Words: 896 - Pages: 4

Premium Essay

Cpa Case Study 2012

...Australian Beverages Ltd-Pre-seen case study information A Introduction to Australian Beverages Ltd In 1937, Australian Beverages Ltd (ABL) commenced manufacturing soft drinks [non-alcoholic drinks rather than 'hard' drinks that contain alcohol]. During the 1970s and 1980s, the company expanded its beverage portfolio by entering into other non-alcoholic beverage categories, such as fruit- and milk- based drinks. In 2011, the company was Australia's largest supplier of non-alcoholic beverages. Tom Dwyer, the current Managing Director, has been with the company since 2008. He joined the company at a time when carbonated soft drinks (CSDs) growth was stagnating and shareholder confidence in the company was waning. Dwyer established a strategic planning team within the company to assess the current product portfolio and identify organic and acquisition growth opportunities. From this review the importance of operational excellence was identified and strong investment was made in world-class manufacturing facilities and systems. Process re-engineering was implemented to reduce the costs of manufacturing and time-to-market. Given the declining consumption of CSDs, Managing Director Tom Dwyer has sought to reduce ABL's reliance on them, focusing on growing new products and entering new non-alcoholic beverage categories since his appointment in 2008. Alongside significant investment in product development of other non-alcoholic beverages, several acquisitions have been made......

Words: 7291 - Pages: 30

Premium Essay

Food and Beverage

...professional recommendations would be provided to improve the difficult situation that the management is facing. Procedures As mentioned by Lockwood, Alcott and Pentelidis (2008) “The food and beverage operations largely follow a basic input, process, output model.” This model consists of the following steps in the operation that begins with the purchasing, receiving, storing and production which will be explained in further details below. Purchasing of food and beverage The purchasing function is the beginning of the whole operations cycle and it is responsible for selecting and procuring the needed products at the most economical prices. As mentioned by Leslie (1987) “Purchasing function oversees the purchasing, procurement, recording the receiving, correct storage of goods and ensuring continuity of supply of items to consumers and also finding cheaper and more efficient sources of supply. This is further supported by Alonso and Ogle (2008) “ The manager must ensure that this department works in a systematic order as it is the main core of the process. Their primarily responsibilities are to maintain adequate supply and quality, obtain the lowest possible price and maintain the company’s competitive position.” According to Lockwood, Alcott and Pentelidis (2008) “When purchasing of food, it is necessary to consider what the true cost of the item will be in relation to what the printed price list from the supplier states it to...

Words: 1498 - Pages: 6