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Rific operates in a commodity business, which has a complex supply chain environment, including multiple Trading Partners to manage (more than 3. Distributor relationships. Thus, keeping these various entities in a constant communications loop, is vital to the success of their business. Furthermore, their products are dependent on impulse purchases, consequently, they need to be supported by strong marketing and point- of- purchase displays. Candy. Rific’s revenue success depends on product sales volumes, effective product fulfillment (full selves), complemented by real- time data and effective Supply Chain management. In Candy. Rific’s IT environment prior 2. Accounting, Business Reporting and EDI. As a result, many internal resources were consumed to generate accurate data extraction and report compilation from their IT systems, and being able to communicate this information to all their Trading Partners, quickly and accurately, virtually impossible. They seemed to be in a constant state of utilizing all their resources just to get their information. Also, even before they proliferated their Trading Partner list, they had trouble keeping up with them at that time. One year they had more that $3. K in Chargebacks. Solution/ Result: After implementing of SAP Business One, all internal applications were consolidated onto one business platform, SAP B1, meaning it now takes dramatically less resources, and subsequently time, to produce meaningful analytics, that are utilized across the business to better run their business, on a daily basis. In addition, now that they have better Analytics to make better decisions, they can also share it with their Third Party Brokers, 3. PLs or other Trading Partner who require it for planning purposes. In essence, having everyone “reading off the same song sheet” allows the entire Supply- Chain to be in synchronicity. The after SAP Business One implementation becomes even more interesting, when YTD they don’t have any Chargebacks this year and their human resources are doing higher level functions instead of all the manual functions related to order processing. Metrics: As an example, in the past it took Accounting 2 days to put together their monthly business reports, this now can be completed in an afternoon ~ resulting in 1. Additionally, all of their pick lists use to be emailed to their 3. PL by PDF and they also use to have to prepare all of their UCC- 1. PL’s. This has also resulted in 3. Business revenue is up 1. Additional Info: Candy. Rific sells and distributes candy both domestically and globally, their novelty products use popular licensed brands. Brands in Candy. Rific’s portfolio include: M& M’S®, Minions, SKITTLES® Brand, STARBURST® Brand, Warner Bros., Scooby- Doo, and Dreamworks. The company uses distributors with most of the major retailers in the U. S. and employs distributors located in almost every major market in the world.(Interesting fact: Candy. Rific has appeared on the Inc. Inc. 5. 00. 0 lists of “fastest growing companies in the U. S.”, consecutively for the last seven years and was also named one of Louisville’s Businesses of the Year for 2. In 2. 01. 5 we were named Large Company of the Year for Louisville. What's An Appropriate Home Food Budget for a Family of Four? In my recent article about having a weekly cheap supper night, I made the following fairly innocuous statement: I looked into this question for my own family recently when calculating our estimated food costs for a month. Over the period of a month – and this includes the prorated costs of bulk food purchased earlier – I estimated our food costs for our family of four to be around $7. That comes out to be an average of $2. This simple statement elicited a lot of shocked reactions from readers. Here’s a sample.$7. Is that a typo? And- $7. Really? That seems awfully high, especially since you garden. Maybe I misunderstood, but $7. I was thinking $7. Trent has a garden. When I first saw this reaction, I thought perhaps something was off base, so I went through my receipts again (and also added in my own estimates for fractional costs of things used, like spices and garden vegetables) and I came up with the same number again – just shy of $7. What is the Average Grocery Bill for a Family of 4? After that, I did some research. The first place I looked was in the huge public data available from the federal government, and it didn’t take long before I found the data I was looking for. According to the USDA’s Center for Nutrition Policy and Promotion, the average expenditure for a low- cost meal plan for a family of four in the United States is $7. This is substantially less than the liberal food plan, which comes in at $1,1. In other words, my estimate is pretty much in line with normal food spending in the United States. That seems reasonable to me – a lot of our staples are cheaper, but as I’ve mentioned many times, we spring for things like organic milk, free range chickens and eggs, some organic vegetables, fresh cheeses, and the fairly regular bottle of wine. What Constitutes a “Moderate Meal Plan”? The details of what exactly constitutes a “low- cost meal plan” is found in USDA publication CNPP- 2. The Low- Cost, Moderate- Cost, and Liberal Food Plans, 2. Needless to say, if you browse through it, it’s extremely detailed. But is it reasonable? I compared what’s in both the moderate and liberal food plan to what my family and I actually eats in a given week – and they’re pretty comparable, actually. The actual dietary content of the moderate meal plan and what my family eats is pretty similar. I also looked at the low- cost and liberal food plans and found them only really different in specific food choices – choosing higher quality grains, for example. Is a loaf of twelve grain bread at the store better for you than a normal whole wheat loaf? Yes, but is it enough to make it worth that extra cost? Your answer to that question and countless others like it – and there is no right answer for everyone – will determine a big part of your food costs. Cheap vs. Healthy: Grocery Shopping on a Budget. The question then becomes what’s the right balance between healthy food choices and saving money? Here are a few principles I stick with in my own food purchases. Sometimes they don’t produce the cheapest purchase, but they do produce healthy food and they largely produce inexpensive food. Stick with staple ingredients. Usually, buying components of an item is substantially cheaper than buying the prepared item. Stick with the items in the produce aisle and the fresh meats aisle and you’ll usually be just fine. Buy healthy versions of those staple ingredients. However, I don’t encourage people to buy the least expensive version of the staple ingredients. This is a personal decision you’ll have to make up your own mind about – I’m not going to advise you whether a free range chicken is a better choice than a regular chicken, or grass- fed beef is the right choice for you. On most ingredients, my family tends to pay a premium for ingredients with fewer hormonal, herbicidal, and pesticidal treatments, but we’re lucky to be in a situation where this is a choice we can consider on merit rather than be pushed into by our pocketbook. Do your own research on this topic and make up your own mind. Check your grocery store circular and print online coupons. Planning your meals according to what is on sale that week is an effective way to save money and get creative with your meal planning. Figure out which grocery stores have the best prices and download their weekly flyer. Make note of which items are truly a deal that will save you money and satisfy your family. Also, don’t forget to check online for manufacturer’s coupons on grocery items. The Simple Dollar Coupon Finder has hundreds of updated coupons and coupon codes–simply search for what you’re looking for and print. Some weeks will be more successful but overall, you can save a significant amount of money by putting in a little bit of search effort. The important thing to remember here is to only use coupons that will actually save your family money, not purchase useless items just because they are on sale. Grow some of your own. Gardens not only produce very inexpensive produce, they give you a very cheap hobby to fill your time, too. It’s not as difficult as you might think, either, and you can grow whatever your heart desires in your own garden. Look at a CSA. If you’re committed to buying healthy produce, look for a local community- supported agriculture group. Most CSAs are strongly committed to sustainable and healthy practices (meaning very healthy food), but it’s produced locally, meaning almost no transportation costs. Many CSAs require you to buy shares up front, which entitle you to regular allotments of food over the growing season – and the quantity of food you get is usually a solid bargain. The only catch? Finding a group with an open slot and paying the cost up front for that share.
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