Goods-Not-For-Resale (GNFR) expenses can represent up to 20% of revenue for Retail and CPG companies. This reservoir of costs presents an untapped opportunity for businesses to improve profit potential as we emerge from the pandemic. However, uncovering GNFR cost savings through Spend and Data analytics remains widely under-utilized across the Retail and CPG industry. While leaders acknowledge that Data Analytics can help, they’re just not sure how to gather, interpret, and act on that valuable information.
On Wednesday, June 30, Deborah Weinswig, CEO and Founder of Coresight Research, will be joined by LogicSource CEO, David Pennino, and COO, Jo Seed to examine how leveraging spending and data analytics to manage GNFR expenses can provide Retail and CPG companies with a significant profitability boost.
Their discussion will cover:
1. The opportunity for cost savings across GNFR for Retail and CPG companies coming out of the pandemic
2. How leveraging spend and data analytics can help companies manage GNFR costs and uncover new savings opportunities
3. Approaches for building a best-in-class Data Analytics function to accelerate the realization of GNFR profit-improvement initiatives
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