Case 003: VF Corp. - Inching Along - ' VF Base Case '
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VF Base Case
Headquarters: Greensboro, N.C.
Business: Apparel company with numerous brands, including Lee, Wrangler, Vanity Fair and JanSport
Financials in 2000: $5.7 billion in revenue, $452 million net income
Challenge: Implement a common ERP system across a geographically diverse company whose numerous divisions and brands have been built partly through acquisition
Baseline Goals:
Grow sales and income by 8% to 10% annually
Generate return on equity of 17% to 20% annually
Reduce inventory on hand to roughly $1 billion, by Q1 2002