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emand management Supply management Enabling technologies 13 Key Improvement Concepts Source: PricewaterhouseCoopers The ECR Prize – 1999 Estimate T r a d i n g P a r t n e r s P o t e n t i a l O p e r a t i n g C o s t R e d u c t i o n $ m P o t e n t i a l I n v e n t o r y R e d u c t i o n $ m R e t a i l e r s / W h o l e s a l e r s 2 9 8 3 4 0 M a n u f a c t u r e r s 7 2 6 4 1 3 T o t a l 1 , 0 2 4 7 5 3 Source: 1999 Tracking Study, PricewaterhouseCoopers Why we need ECR Australasia Other pelling reasons: ? globalisation and consolidation of the food and grocery industry – including transTasman rationalisation ? emerging emarketplaces ? petition for share of wallet ? remaining local inefficiencies – 50 days stock in pipeline – retail out of stocks up to 15% Why we need ECR Australasia ECR Australasia Industry leaders agreed on the need to address these factors at the highest level: ? to achieve the necessary process changes ECR Australasia established in November 1999 Working together in two areas: ?