Simmons Value Added (SVA) will be the financial measure and benchmark of value creation for Simmons Foods.
Watch this short video for a brief introduction to SVA.
Take Action with SVA
Evaluate current processes to empower the sales and marketing team to generate new new business. Example: Expand business in new markets.
Improve Operating Efficiency with Lean and BEST Principles
Streamlining processes and lower operating expenses will continue to improve SVA year after year. Example: Carefully manage production and staffing schedules.
Make the Most of Every Resource
Be curious in searching for out-of-the-box solutions to make our assets more reliable and maximize their value over time. Example: Proactivley maintain equipment to enhance productivity.
Be Curious, Embrace an Innovative Mindset
Enhance collaboration between teams to analyze new sales opportunities that will help generate positive SVA. Example: Suggest a new, marketable product innovation or process.
Convert Working Capital To Cash
Take action to intentionally notice the small things that impact cash flow and find solutions for improving at every level. Example: Minimize finished goods inventory
Invest To Reach Our Goal: 100% Customer Satisfaction
Invest in areas that expand our products and services while utilizing what’s available will help strengthen customer relationships. Example: Prioritize investments that deliver value to customers.
What's next with SVA?
Training and E-Learning tools boosting foundational knowledge about Simmons Value Added
Incorporating Simmons Value Added in to our work processes and building on existing philosophies like Lean and BEST
Quarterly reporting of Simmons' financial performance using the Simmons Value Added formula