Ultimate Cost - Purchasing an Item at the Ultimate Cost

It is well known fact that one of the goals of theIn this case the company was still making more
trade is to buy an item at the lowest possible costmoney than before, even after a lot of internal
and then to sell it at the highest possible price. Thatconflicting among departments about who should pay
sounds simple and obvious. The same stands forfor the warehousing cost. Should the Supply Chain
every other activity within the company. Everypay the extra warehousing cost, or Procurement
activity that can be done with less expense canthat bought cheap sugar?
increase profitability of the Company by reducingExample 2:
input costs.Another Soft Drink Company after analyzing
But when the organization is large, or when peopledifferent options in production cost saving decides to
are not aligning between each other, then the "Silo"use thinner ( and cheaper ) wrap film for pallet. The
thinking syndrome occurs. The Silo thinking is typicalpallet of product is composed of certain number of
for the bigger organizations, but it can appear incases placed on a wooden pallet. Everything is then
every organization. The Silo or Functional thinkingfixed by wrapping the plastic film around.
seems productive, effective or cost efficient fromOf course, for the company that sells a millions of
perspective of a single function/department, but iscases annually the decision to use 45 nm wrap film is
totally opposite for the common benefit of theEUR1,2 cheaper per pallet than with 65 nm wrap film.
whole organization.This initially meant to be a perfect example of a
Example 1:clever saving.
Beverage Company is importing sugar in a quantityUnfortunately, the problems in warehousing appeared
and shipment dynamics that is larger than usual. Assoon. The pallets in warehouse are placed one on top
we know, the sugar is one of the main ingredients ofof the other. There are other methods ( racking ),
the soft drinks. The annual quantity of sugar orderedbut this method is the cheapest, since it not requires
is 12% larger than planned annual production. Theany investment. Usually, the pallets are stored in 3
Quarterly dynamics of production and shipmentlayers. But, with this weakened wrap film the pallets
dynamics is as followslost some stability. This was reflected by the sporadic
Sugar in Production:collapsing of lowest pallets. This was a problem from
Q1-14% Q2-26% Q3-33% Q4-27%many perspectives: safety, cost ( EUR 400 per pallet
Sugar Import:), customer satisfaction, ... Afterward, the decision
Q1-16% Q2-33% Q3-32% Q4-19%was made to store pallets in 2 layers only. After this
The Sugar is bought at this quantity and shipmentsituation is settled, there were no more pallets
dynamics, since the price was more favorite for thiscollapsing.
quantity. Also, the sugar is more expensive in stockBut, on the other side the problem appeared. As the
market in Q3 than in Q1 and Q2. So the plan isseason was approaching, the warehouse was quickly
obviously OK.become full, since the capacity was reduced by the
But, in this situation there is the surplus of sugar indecision to store pallets on 2 instead on 3 layers. The
stock that needs to be placed in warehouse. Thesolution was to rent an extra seasonal warehouse.
usual warehouse space dedicated for sugar is up toFinally, someone asked about what caused this
1.000 metric tons. With the new setup, the companyproblem in first place.
will have stock average quarterly surplus as it isIndeed, what was the cause? It was the new wrap
shown:film that changed procedure in storing the pallets. And
Sugar in stock ( mt ):what was the result? The warehouse "shrinks" by
Q1-1.050 Q2-1.850 Q3-1.550 Q4-1.250loosing the 3rd layer of pallets.
Obvious that the Company needed to rent extraThe Analysis of problem showed the following facts:
warehouse for surplus sugar, what created additional- New Wrap Film saving is EUR1,2 pallet
costs. In fact this situation depicts what is usual- Warehouse cost per pallet is EUR3 per pallet
Postponement of cost in the company that isSo, at the end the Company was loosing money by
Silo-Thinking oriented. Fortunately, the saving onintroducing cost saving in production, because that
sugar was significant enough to cover extracaused increase of warehousing costs. Saving of
warehousing space. The saving on sugar was EUR80EUR1,2 caused additional EUR3 through Postponement
per metric ton, while warehouse and additional costof cost. The solution was to use old Wrap film for
per excessive ton was EUR12. So, the ultimate savingthose products whose stability on pallet was
per sugar metric ton was not EUR80, but it wasjeopardized by thinner film.
EUR68.