P&G: Cost Savings for Hand Dish Wash
Procter & Gamble's Hand Dish business faces higher feedstock prices and price volatility with growing complexity of its product portfolio. It wanted to conduct a strategic review to identify opportunities to significantly reduce the cost of manufacture.
Innovia explored opportunities across the whole supply chain, e.g.: changing sources of supply from oil to other base stocks; using naturally-derived actives; different ownership and operating models for its manufacturing assets; manufacturing processes to enable quick change between SKU's and reconfigured distribution.
We learned from the differences between P&G's operations and those of other world-class manufacturers. We drew on analogies from many other sectors such as: revenue and risk management in the airline sector; plant stewardship for peroxide manufacture and bottle-making and -filling for beverages.
The work led to a series of cost reduction initiatives. In each case, we described opportunities with precedents from other industries and a clear statement of how cost saving is achieved.
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