Driving Raw Material and Packaging Material Productivity Excellence: Industry Report

Driving Raw Material and Packaging Material Productivity Excellence

Product Type: Market Research Report
Published by: Best Practices, LLC
Published: July 2006
Product Code: R3339-17

Description

Driving Raw Material and Packaging Material Productivity Excellence provides extensive data and insight from 17 leading manufacturing companies.

These companies and thousands of others are being challenged daily to find more effective ways to produce low cost, high quality goods for consumers. As they look for ways to compete in a tightening marketplace, many companies still see operational processes as an area they must evaluate for more tangible returns. Through quantitative surveys and in-depth interviews with packaging and procurement leaders at top manufacturing companies, the Best Practices, LLC research team sought to identify the proven best practices and tactical innovations these companies are utilizing to reduce raw material and packaging material costs.

Best Practices LLC analysts identified several key elements that provide greater insight into developing high-performance in the areas of raw material and packaging material productivity. Some key findings include:

Leveraging supplier relationships emerged as one of the most important new ways to achieve productivity goals.
Best-in-class companies use two approaches depending on the situation: collaboration with preferred suppliers and competitive supplier selection.
Transferable technology innovations from other industries are the primary source of new technology to be leveraged for improving productivity.
Leading companies monitor packaging breakthroughs outside their own sector and evaluate them for transferability to their own environments and needs.

Table of Contents

Study Objectives
Key Findings and Insights
Benchmark Class Profile
Leveraging Supplier Relationships
Defining Productivity
Cost Metric: Material Costs
Cost Metric: Average Savings
Delivering Productivity Goals
Measuring Productivity
Achieving Productivity Targets
Research and Development Resource Deployment
Research and Development Resource Allocation
Introduction
Preferred Supplier Collaboration
Utilizing Suppliers’ Insight
Leveraging Supplier Competition
Hedging Against Cost Fluctuation
Buyer vs. Supplier Hedging
Short-Term Approaches
Long-Term Approaches
Maximizing Internal Relationships
Driving Productivity
Driving Productivity Innovations
Centralized Reporting Lines
Key Internal Relationships
Sharing Best Practices
Utilizing Technological Innovation
Role of Technological Innovation
Sources for New Technology
Transferable Technology
Key Industry Trend: Sustainability

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