How clover creates value and reporting on the six capitals
- How Clover creates value today
- Overview of Clover’s value creation process
- Reporting on the six capitals
- Clover’s business model
- Human capital
- Natural capital
- Manufactured capital
- Intellectual capital
- Social and relationship capital
- Financial capital
- How Clover sustains value for Tomorrow
- Clover’s future value creation philosophy
- Human capital
- Natural capital
- Manufactured capital
- Intellectual capital
- Social and relationship capital
- Combined Assurance
Manufactured Capital
How Clover sustains value for tomorrow: Manufactured Capital
Future Value Creation
Clovers recent investments in upgrading our manufactured capital forms the beachhead to building long-term stakeholder value. Future value creation through manufactured capital is anticipated as follows:
Commercial
Clover’s growth will be driven by improving structures and implementing new route-to-market methods, while building up support systems and processes. Our Masakhane project is a major driver of this process:
- Acquire new customers
- Retain and grow current customers
- Identify and enter untouched markets
- Acquire and invest in higher margin products
- Focus on all segments of the market, both formal and informal.
Supply chain and procurement
Improved alignment between Operations, Commercial and Marketing will be achieved through enhanced communication and visibility planning.
State-of-the-art planning software is currently being implemented to replace the current legacy planning tools to:
- Improve pricing strategy with suppliers and other role-players
- Integrate supply chain modelling
- Integrate business planning
- Improve supplier collaboration on procurement
- Development of suppliers to limit the risk of milk shortages
- Improve Clover’s B-BBEE status and
- promote job creation
- Collaborate with suppliers on milk procurement – to support export initiatives and promote growth in national dairy industry.
Distribution
Clover leverages our industry leading distribution system to provide sales and distribution services to a number of multinational companies with the objective of:
- Optimising the distribution network through real time monitoring of execution
- Improving distribution mobility by delivering a paperless system to promote streamlined product returns and driver reconciliations
- Distribution retailer centralisation
- Expanding basket of principal products through strategic partnership focus
- Collaborating with principal customers and retailers.
Production
New products are developed by CIover’s in- house Product Innovation and Technology Department (PIT), or through joint ventures. PIT constantly seeks to improve Clover’s current product offerings by revising product formulations and packaging, with an emphasis on healthier and “greener” alternatives
- Improving asset utilisation through consolidation
- Promoting industry development, export opportunities and job creation
- Reducing the carbon footprint
- Increase capacity utilisation.
