Dear Valued Reader,
Packaging Material Spend, PMS, as is widely called, accounts for 70% of the net Supply Chain Spend. Isn’t a mammoth? Of course, it is. The situation becomes grave when your monthly appraisals are linked to the Cost Reduction initiatives taken by you.
What will you do?
- Replace the vendors?
- Scale down the quality of the Packaging Materials to the minimum possible, in turn, playing with the shelf life?
- Do TRIZ projects?