Packaging Costs: Finding Big Money in Small Changes
If your company is involved in manufacturing, most likely you are involved in packaging. The cost impact of your packaging is reflected on many lines of your financials. Two large impact areas include: Material Specs – This is the most fundamental part of the process. The materials must meet your needs in order to protect your product as well […]
Spend Analysis: How Does Your Company Compare?
“Failure is not fatal, but failure to change might be.” – John Wooden Recently, I was researching spend analysis and came across a study completed by the Aberdeen Group. Although the findings were released September 2004, I believe they are still very applicable: Spend data management is critical for supply management and business success. Insufficient visibility […]