Developed extensive and shared product development worksheet for external and internal use on product line extension for 15 new Sku’s. Efforts resulted in a savings of over $70,000 on the first run!
The Solution Excerpts
PRODUCT LINE MANAGEMENT & PACKAGING SOLUTION
A lot goes into making a product. Especially a natural product. Everything from sourcing components that are recyclable, Bisphenol-A (BPA) free, phthalates free to the type of label and even how the label is applied has to be taken into consideration. Working with a combination of trusted vendors from across the country has helped our Clients find the great and safe packaging solutions they were hoping for. Companies with multiple runs benefit from saving hundreds of thousands of dollars each year.
2 oz creams – 6 SKUS’s
TOTAL SAVINGS ON FIRST RUN: $36,326.88
4oz Lotions – 3 SKUS’s
TOTAL SAVINGS ON FIRST RUN: $23,005.32
Reducing cost of the component from $1.03 to $.36. Immediate savings of $7,668.44 per SKU on the first run.
2oz Aroma Sprays- 3 SKUS’s
TOTAL SAVINGS ON FIRST RUN: $12,998.88
Reducing cost of the component from $.79 to $.38. Immediate savings of $4,332.96 per SKU on the first run.
TOTAL SAVINGS OF $72,331.08 ON FIRST RUN
PRODUCT LINE RUNS 2-3 TIMES PER YEAR
A TOTAL SAVINGS OF $144,662.16 to $216,993.24 PER YEAR