Mattel 2000 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2000 Mattel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

six
Improve.
Mattel’s success depends on more than just great
toys. We will succeed by having the right product
in the right place at the right time, and always
doing it in such a way that we maximize profitabil-
ity, since this is our first priority.
We are committed to improving the execu-
tion of our existing toy business. We will ensure
that all of our business systems provide maximum
speed and efficiency, and are closely aligned with
the needs of our retail customers, supply chain
partners and ultimate consumers. For example, we
have formed a Supply Chain Optimization Team
made up of employees who are working with
our top customers to identify and implement
improvements in all elements of the supply chain,
from Product Planning to Manufacturing to
Distribution, as well as Finance, Information
Technology and Sales.
We have undertaken a financial realignment
that will provide $200 million in pre-tax savings
over the next three years, and we will continue to
identify opportunities for new efficiencies and cost
reduction. All of these improvements will con-
tribute to our underlying goal of profitable growth.
THE IMPROVED EXECUTION OF OUR EXISTING TOY BUSINESS WILL HELP TO INCREASE
PROFITABILITY OVER THE LONG TERM.