Common sense and good management would look at all inputs for the business. Critically, this involves the supply chain and its management.
Apparently, this has been absent in RFG. Where were/are management and importantly the directors? AWOL?
One must now question the intellectual capital and capability within the company, at all levels.
Additionally, the proposed reduction in suppliers to 2 or 3 will take some time to implement (6 months or more), with new operating/reporting systems to be implemented and managed (do they have the people to do this?). With any such change there will no doubt be teething problems associated with the implementation.
So any benefits from the 'light bulb' moment will unlikely to be felt before the third quarter of this financial year.
RFG Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held
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