Who is Ken Kremsky; just a Lean Six Sigma Blackbelt holder? Certainly, not. He is much more than that. His career graph speaks of a bright Finance manager, who has been successfully saving millions for his clients over the years. But the question is, how?

Let’s start the discussion from your side. You have a product. There are few more brands in the market that offer the same product as yours, with nearly the same price. The one that has sustained itself as the best seller is rated a few dollars south to yours. Saying that, will it be easy for you to market yourself? Will it be that easy for you, to even sustain in there? By this time, you have known; it isn’t that easy, at all.

You have already cut the salaries to manage the product rate. You have tried the same with the transportation costs. The prices can’t be reduced in any other form. How to compete with the best seller, in that case? The answer is: your production cost.

Are you sure your production is not wasting your money and resources on any unnecessary process? Are you sure that all your processes are that necessary? Is there any alternative available that deduce the production cost without affecting the product quality much? The Kraft Foods were losing their market shares due to their cost; until Ken Kremsky discovered the leakage. He was quick to observe the investments done in the processes and their worth. His projections help the industry come up with changes; which helped them reduce their production cost, by manifolds.

His attempts helped them save up to 75 million USD every year. Ken Kremsky helped them realize the losses they have been incurring, and later reduced the overall loss by up to 15%. That is definitely a big number as we talking on the scale of millions.

Your production might be hiding some loophole too. The best seller in your field has probably discovered it early hand and have solved it, which eventually helped them lower the prices. It’s the right time; you shall be analyzing yours as well.

About Ken Kremsky

Ken Kremsky is the Financial Manager of the Mondelez International. With an experience of twenty plus years at accounts and quality control, he understands the worth of every penny and the way to manage the losses.

https://www.slideshare.net/KennethKremsky/ken-kremsky-served-as-an-assistant-controller-at-interstate-brands-corporation