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COCA-COLA BOTTLING WEBINAR
How Coca-Cola Bottling Increased Efficiency While Minimizing Costs
February 19th, 2014
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s
Intr...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Case...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Case...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Case...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Case...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
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H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Dyna...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Dyna...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Dyna...
Taulia Now
Onboarding and enablement
services
Early Payment Financing
Increase suppliers segments using
DPT and offer DD t...
Develop a Portal Use Policy
Portal policy to be used as “Go-To Guide” on best practices for suppliers using the portal and...
Dynamic Payment Terms
• Continue to offer DPTs to CCBCC subsidiaries that are
oftentimes on the go and don’t have access t...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Case...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Case...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Disc...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
Case...
H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g
C o s t s
A Lo...
A Look Ahead
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How Coca-Cola Bottling Increased Efficiency While Minimizing Costs

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Steve Richards, Coca-Cola Bottling Accounts Payable Manager, tells his story on how the company moved from an old-fashioned payables process to a best-in-class organization using supplier self-services, dynamic discounting and electronic invoicing.

You will learn:

-How Coca-Cola Bottling achieved 54% supplier enrollment within 5 weeks How Coca-Cola Bottling keeps 90% of their suppliers actively using the portal
-The most efficient way to capture the highest amount of supplier discounts
-A retrospective look into what Steve Richards wishes Coca-Cola Bottling focused on first

Published in: Economy & Finance, Business
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How Coca-Cola Bottling Increased Efficiency While Minimizing Costs

  1. 1. COCA-COLA BOTTLING WEBINAR How Coca-Cola Bottling Increased Efficiency While Minimizing Costs February 19th, 2014
  2. 2. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Introductions STEVE RICHARDS Accounts Payable Manager Coca-Cola Bottling
  3. 3. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: About Coca-Cola Bottling
  4. 4. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Challenges Prior to Taulia
  5. 5. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Implementation Timeline Phase I Phase II
  6. 6. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Operational Efficiencies
  7. 7. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Enrollment Metrics
  8. 8. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Dynamic Payment Terms SpotlightWith Dynamic Payment Terms (DPT), the buyer and supplier contractually agree that the buyer will pay EVERY invoice as soon as it is approved in exchange for an early discount. What is it? How does it work? Coca-Cola Bottling sets the APR within SAP and discount is dynamically calculated based on how many days before due date the invoice is approved.
  9. 9. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Dynamic Payment Terms Spotlight
  10. 10. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Dynamic Payment Terms Spotlight
  11. 11. Taulia Now Onboarding and enablement services Early Payment Financing Increase suppliers segments using DPT and offer DD to all suppliers Portal Policy Enforce policy for all suppliers to use eInvoicing and portal A SAP-certified solution is key Security preserved by using standard, verified transactions in the background SECURITY AND EASE OF INTEGRATION Achieve high activity rates from enrolled suppliers Increase number of electronic invoices Reduce supplier inquiry calls METRICS MATTER NEXT STEPS: H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Key Learnings & Next Steps
  12. 12. Develop a Portal Use Policy Portal policy to be used as “Go-To Guide” on best practices for suppliers using the portal and how to achieve maximum benefit “To improve communication with our suppliers and provide them with increased transparency into our invoice approval and payment process, we are requiring our suppliers to enroll in and interact with us through our free supplier portal.” Electronic Submission of all Invoices Inquiries About PO’s Updates to Vendor Master Information H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Portal Policy Payment Status and Early Payment Request
  13. 13. Dynamic Payment Terms • Continue to offer DPTs to CCBCC subsidiaries that are oftentimes on the go and don’t have access to computers to check the status of their payments and request to be paid early • Low barriers to participation for Procurement; no need to train entire Procurement force on offering DPT Dynamic Discounting • Offer Dynamic Discounting to entire supply chain • Work with Taulia consultant team to determine discounting segmentation that ensures greatest participation in program (biggest suppliers will get lowest rates, smallest suppliers will get higher rates – always competitive) H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Early Payment Financing
  14. 14. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Financing Benefits for Buyers
  15. 15. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Financing Benefits for Suppliers
  16. 16. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Discounting that Meets Needs of Entire Supply Chain Dynamic Payment Terms and Dynamic Discounting Create Perfect Synergy
  17. 17. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s Case Study: Key Takeaways 1 2 3 4 5 6 7
  18. 18. H o w C o c a - C o l a B o t t l i n g I n c r e a s e d E f f i c i e n c y W h i l e M i n i m i z i n g C o s t s A Look Back “ ”
  19. 19. A Look Ahead

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