I know we’ve been focusing on reduction for many years now so it can feel like there are diminishing returns. But there’s more waste and money to be saved. Waste isn’t a part of the P&L that you have to swallow each year. That’s especially true with today’s technology. The sophistication and granularity of supply chain and consumer data we have at our fingertips is incredible and increasing.” Tim Murray , Partner, Newton “
Industry examples A leading convenience food manufacturer reduced fresh food waste by 15% and saved £20 million pounds a year by hiring a raft of new people to drive performance using diagnostics, new structures and processes. At a famous biscuit factory, the size and shape of products varied, leading to unnecessary waste. Putting in place a data-driven system to spot opportunities to correct issues and
improve ongoing operational efficiency achieved a £2.3 million increase in projected annual revenue.
At a large baking firm, three separate systems were joined to create a single view from point of manufacture to delivery to the warehouse, resulting in a 20% improvement in line efficiency and £3 million reduction in distribution costs.
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