A multinational manufacturer of cosmetics, skincare, fragrances, and personal care products
Our client’s expenses were rising rapidly, despite a consistent decrease in revenue from their manufacturing operations. The procurement department was understaffed and unable to handle the demand for new vendors.
These financial and operational problems were impacting product quality and customer retention.
Our team completed a rapid analysis of over $250M in expenditures to identify opportunities for performance improvement through cost reduction and process workflow restructuring. Our team also negotiated with vendors on behalf of the procurement department due to high turnover in this department. We supported critical operations through the turmoil and implemented long-term improvement opportunities including:
Our client realized immediate financial benefits including: