Unfortunately, it is more common than not that engineers and the procurement department don’t talk during the product development lifecycle. However, getting procurement involved early during the design stage often helps manufacturers to consolidate material specs where it makes sense and allows procurement to better scope and manage the packaging material sourcing process. This results in a better rationalized supply base, increasingly aggregated spend and more buying power in the market.

Provident’s Total Package was created for companies looking to generate the highest amount of packaging related savings across all levels of their organization. This service combines all the elements of Strategic Sourcing with Packaging Optimization and Right Pack along with the Supply Tigers indirect solution. By doing this, we are able to help you:

• Tightly integrate insights and decisions related to packaging material sourcing into the engineering process to improve material selection and yield the best supplier selection and pricing outcome (Sourcing);
• Implement new packaging designs through technical/engineering support and testing (Traditional);
• Move to the least amount of packaging material needed; and use this information to capture and drive savings through the entire supply chain (including transportation and warehousing) with the result being more efficient pallet loads and reduced pallet space needs and; positively and quantifiably improve environmental compliance and impact (Right  Pack)
• Provide control, convenience, visibility and pricing improvements throughout the indirect supplies spend.

The Total Package Benefits

• Enhanced understanding of packaging costs
• Better informed decisions related to cost savings tradeoffs
• Cost savings captured through permanent reduction of packaging material
• Less space and fewer rack positions utilized in warehousing
• Improved transportation cost savings by shipping more product per pallet and decreasing shipment loads
• Increased sales per square foot at retail
• Improved environmental compliance and impact
• Increased sales to environmentally conscious consumers and retailers
• Improved procurement capacity and efficiency without adding additional head count
• Broader insight into sourcing trends, strategies and technologies
• Improved risk management practices and procedures
• Enhanced supplier monitoring and tracking to ensure Premiere performance
• Decreased time to realization of savings
• Improved supplier relationships and service
• Improved profitability

Our Process

Total Package

If you are interested in learning more about Provident’s Total Package, please contact us or call us at 630.300.6290.