Rising commodity prices were putting pressure on a leading baking company with a nationwide presence in the United States. As direct material costs soared, the company sought to optimize its cost of goods sold (COGS) to maintain profitability. That's when the company turned to GEP to tackle the challenge head-on.
With GEP as partner, the company realized 10% savings in raw material costs and identified over $9 million in P&L savings. Find out from this case study — How a Top U.S. Bakery Company Achieved 10% Reduction in Raw Material Costs by Partnering With GEP — how GEP helped the baking company save on direct material costs.
What’s Inside
- How GEP accomplished category benchmarking with its Category Advisory Group
- Deployment of GEP SMART for spend analysis and savings opportunity assessment
- Additional value creation by leveraging benefits offered through export credit
This case study is a must-read for procurement leaders in the CPG industry who want to manage their categories more effectively and save direct material costs.
Theme: Procurement
