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3:22 min
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This is going to be a true story.
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A true story of a business case of complex corporate
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finance made simple. First of all, we're the
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biggest,
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and largest Coca-Cola bottling company in the world based on revenue.
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We operate - and are leaders in - one of the biggest
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FMCG sectors.
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It's the soft drink professional sector with a net worth of over 100 billion.
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On an annual basis
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we sell approximately 14.2 billion liters of our famous brands.
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So we have a customer base that is reaching the 300 million
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benchmark. We operate in 13 countries, solely in
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Western Europe.
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We have 25,000 employees across our territories.
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We were looking after Supply Chain Finance Transformation
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which goes into three integral points.
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One being a leaner finance function, the second one
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automated planning, and the third one being optimized reporting.
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So we wanted to move away from the ever haunting Excel
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models, Access databases, and
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engage in new-age tools and systems that can bring us forward.
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We perform fully-fledged country consolidation
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and also total Coca-Cola European Partners
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supply chain consolidation.
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What do we cover by that?
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I mean,
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it's pretty much the whole myriad of activities that supply chain has today.
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For us,
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from our CCEP perspective,
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it means 48 plants, 85 warehouses,
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everything that you can imagine around logistics and distribution,
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from freight to branch local delivery,
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division delivery,
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CWPs and so on.
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We were coming from a culture
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of overnight loads of data
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- of overnight data transfers. Today, we have
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every 15 minutes, a data transfer from our ERP system to the cloud,
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from the cloud to the tool. So compared to the 24
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24 hour cycle,
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15 minutes is definitely a huge revolution.
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That little red button that says 'Approval All',
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we call it the mother of all buttons, just because it
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allows us to consolidate in a split second.
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Yes,
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consolidation can happen with one button,
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yes,
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it can happen for 48 manufacturing plants and for 85 warehouses.
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In the beginning...
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Actually,
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last year if,
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somebody told me that's possible.
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I would be very,
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very skeptical,
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but I can guarantee you that is the mother of all buttons,
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and it works.