OPTIMIZE: COST SAVINGS & PRODUCTIVITY
CASE STORYCost Savings & Productivity
For: Nutraceuticals Company
The Situation
Had 6500 SKUs across 13 unique brands and needed to identify opportunities for packaging innovation, cost and productivity improvements
PTIS Solution
- Cross-functional Stakeholder interviews
- Reviewed product, material, component and container specifications
- Assessed operations and distribution
- Total systems cost reduction focus
Business Impact
- 5 specific packaging improvement opportunities identified:
- 25% reduction in unique primary pack sizes
- 30% reduction in primary pack material type
- 70% reduction in unique closure colors
- 60% reduction in unique label sizes
- 25% reduction in corrugated shipper sizes
- 6-15 months estimated for implementation timing
- $5 – $9 million estimated annual cost savings