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Twinlab

This article was originally published in The Tan Sheet

Executive Summary

Implementation of Enterprise Resource Planning computer system completed, President & CEO Ross Blechman tells analysts during Q3 conference call Nov. 14. ERP system, which Twinlab spent close to $3 mil. on in the past nine months, integrates purchasing, manufacturing, fulfillment, financial operations and will help improve managerial control throughout company, exec says. Firm's fill rates are up over 90% after falling to 70% range in the summer. Twinlab also announces new 10% cut in salaried workforce, a move expected to save $2.2 mil., and reduced personnel costs "at the hourly level by approximately $1 mil." Quarterly and nine-month net sales were down 20% and 15.1% to $54 mil. and $156.8 mil., respectively. Firm recorded net losses of $1.8 mil. for the quarter, $24.7 mil. for the nine months...
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