December 2010 – 11% annual savings on folding cartons for leading CPG company

A leading consumer packaged goods company engaged Provident to conduct a strategic sourcing review of their folding cartons.  The multi-million dollar spend across several hundred copies, shipping to plants in the Midwest, led to the development of a complex RFI and RFQ using Provident’s proven RightSourcing techniques.  Various award scenarios were presented to the client and evaluated using Provident’s advanced analytics and review techniques.  Business was ultimately awarded preserving product family and print grouping, with improved service and support, providing annual savings over 11%.

October 2010 – Over 17% annual savings on labels for leading food manufacturer

A leading manufacturer of food products sold in retail, food service and industrial channels engaged Provident to conduct a strategic sourcing review of their labels.  The multi-million dollar spend across several hundred copies, shipping to plants across the U.S., led to the development of a complex RFI and RFQ using Provident’s proven RightSourcing techniques.  Various award scenarios were presented to the client and evaluated using Provident’s advanced analytics and review techniques.  Business was ultimately awarded along business unit and technology lines with greatly improved service and support, along with annual savings over 17%.

14 – 18% savings on corrugated sourcing project for mid-size CPG company

Provident was engaged by a leading North American manufacturer, distributor and marketer of high quality cleaning products to conduct an in-depth market review of their corrugated requirements.  Working closely with the client, we used our proven RightSourcing program to identify and deliver savings of 14% – 18% on this multi-million dollar, multi-facility review.  These results were achieved in spite of the extreme volatility which currently exists in the corrugated markets.  In addition, Provident has implemented strict methodology and timing mechanisms in order to provide robust cost control and management systems.

19 – 27% savings on flexible film sourcing project for North American CPG company

Working with a leading private equity firm specializing in investments in growth-oriented, lower middle-market consumer products companies, Provident performed an in-depth review and analysis of the flexible film requirements of four portfolio companies.  Utilizing Provident’s proven RightSourcing program, we were able to provide savings for all of the portfolio companies. Two of the companies achieved savings ranging from 19% – 27%, and also have been able to gain access to additional supplier resources to pursue additional improvements and efficiencies.

20% annual savings on cartons for leading manufacturer

A leading manufacturer of dry mix products sold in retail, food service and industrial channels, engaged Provident to conduct a strategic sourcing review of their folding cartons.  The multi-million dollar spend across several hundred copies, shipping to plants across the U.S., led to the development of a complex RFI and RFQ.  Various award scenarios were presented to the client and evaluated using Provident analytics and review techniques.  Business was ultimately awarded along regional lines with greatly improved service and support, along with annual savings approaching 20%.