Financial Transparency
This financial term is the analyses performed to validate incremental investments, such as trade or capital
What is Return on Investment or ROI?
These serve as the review of projects against Critical Path deadlines with ownership and accountability, identification of challenges/opportunities at the plant
What are the Weekly Plant calls?
This term refers to a willingness to accept feedback, an eagerness to improve one’s performance
What is humility (during a performance review)?
An expression of dissatisfaction with the finished product
What is a customer or consumer complaint?
This particular – and often flavorful - meeting type requires candid, transparent feedback from attendees and a dose of humility from the meeting host(s)
What are product cuttings?
This financial term, which should now sound familiar, is an alternate measure of profitability, which represents the cash profit generated by GL Operations
What is EBITDA?
This term refers to the timely sharing of meeting outcomes, record of discussion, action items, deadlines
What are Meeting Minutes?
Ongoing, year-round feedback, not just during a PAD review meeting
What is transparent feedback?
A systematic, independent and documented activity where objective evidence is gathered and assessed to determine if a food system is appropriate and effective, not to you passively observing a college class
What is a food safety audit?
This workstream requires a variety of cross-functional teams to engineer constructive feedback on how the output stacks up and may, ultimately, require humility and flex…ibility on the part of the subject matter lead
What is Packaging Development?
Sharing terminology with the medical community, this is the weekly meeting in which GL leadership reviews financial and operational results
What are Weekly Vitals?
Where Sales and Supply Chain/Operations openly discuss active supply issues and product demand
What is the S&Op Meeting?
Active engagement and honesty in self-assessment
What is transparency in action?
Application of method to monitor whether a control measure is operating as intended
What is a verification method?
This consumer-facing workstream requires GL team members to lay out candid – sometimes artful - feedback first to external vendors, then a balance of transparency and humility in internal discussions prior to finalization
What is Graphics Development?
The financial term for the difference between actuals and budget
What are variances?
Not to be confused with GDSN, this is where new projects are reviewed, high level project updates given & SLT supports with roadblock resolution
What is GSD?
A program that promotes transparency and humility at GL
Multiple responses
Analysis of next steps following identification of a non-conformance
What is Corrective Action Preventive Action (CAPA)?
Document that outlines steps for making a GL product
What is a product Standard Operating Procedure? (pSOP)
The revenue and spending plan for the next fiscal year, built by collaboration and transparency from a cross-functional GL team; also, one of the personal aspirations you have potentially already given up on for 2024
What is the Budget?
This alliterative meeting tracks against our RFE Objectives and Financial Performance
What is the Direct Drive Update Meeting?
Formal, all-around feedback provided by peers, direct reports & managers
What is the 360-degree feedback model?
Food safety system & practices that ensure quality standards
What are Good Manufacturing Practices (GMPs)?
The system that houses all of our product recipes, ingredients, packaging and finished product specifications and supports our product change management
What is SAP RD? (SAP Recipe Development)