Oct 6 (Reuters) - Treasury Wine Estates Ltd TWE.AX :
* TWE advances next stage of supply chain optimisation
* TWE will take further action to remove excess cost and complexity from its
supply chain
* Phase II of twe's supply chain optimisation is expected to deliver an
annualised COGS benefit of about $30 million per annum by fiscal 2020
* In order to realise the savings from phase II, twe will recognise a provision
in fiscal 2016 for a cash cost of approximately $14 million
* Supply chain optimisation expected to benefit the Americas, and the Australia
and New Zealand and Europe, Middle East & Africa Regions
* In order to realise the savings from phase II TWE will recognise a non-cash
asset write-down of $20-30 million
* Source text for Eikon ID:nASX88d0x9