A Fortune 500 personal care products manufacturer was facing spend overruns in various areas which led to sub optimal cost of operations.
Business challenges
- Higher travel expenses against annual targets. Lack of a formal forecasting process made annual budgeting difficult and impeded timely management intervention
- Rising overtime expenses globally with limited visibility into the sources
Genpact solution
Developed an analytics and reporting system for both travel and overtime spend to provide:
- Visibility and better understanding of the different sources of expenses
- Statistical methodology to forecast and predict future expenses based on historical data and known events
- Early warning dashboards for timely management intervention
Business impact delivered
- $8 million reduction in travel spend falling to the bottom line
- Better spend forecasting
- 10% reduction in the overtime expenses
For more information, contact consumergoods.services@genpact.com and visit, genpact.com/what-we-do/industries/consumer-goods