Project Title: Ludwig Drums - Import Optimization/Cost Reduction (Elkhart, IN)
Conn-Selmer, Inc.
| Details | |
|---|---|
| Project Title | Ludwig Drums - Import Optimization/Cost Reduction (Elkhart, IN) |
| Project Topics | Product Design & Development Purchasing, Logistics, Supply Chain Reporting, Financial Planning & Analysis |
| Skills & Expertise | |
| Project Synopsis: Challenge/Opportunity | Over the past 18-24 months freight costs from Asia have skyrocketed. Conn-Selmer's own Ludwig brand drum kits are high mass, low dollar products, leaving the larger costs to be absorbed across low skus/dollars, making the product too expensive for the market place. We need to optimize the logistical approach to make sure we are getting the lowest price and decrease the absorbed costs per unit. Project Location: 600 Industrial Parkway, Elkhart, IN
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| Project Synopsis: Activities/Actions Required | Review routing guidelines, optimization of packaging and/or container space. Determining if there is any waste or opportunities in the process to save overall cost while, which not disrupting the excellent quality that is being provided.
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| Project Synopsis: Expected Results | Coming up with a proposal that shows a path of reduced freight overhead absorption per unit. This is the net "landed" cost of a drum set. This is current calculated as purchase price + Purchasing Overhead (freight, duties). As long as the net of those two are lower, it would be a success. Any inventments would need to have a return on investment calculation as well. Determining that they method we have is already the most optimal choice, while not wildly successful in terms of what we WANT, it would put our minds to ease that we have the best path already working for us.
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Project Timeline
| Touchpoints & Assignments | Date | Type |
|---|---|---|
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Teams Introduced |
Oct 05 2022 | Event |
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Finalize, Sign & Upload Statement on Intellectual Property Rights |
Oct 06 2022 | Submission Required |
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Pre-Engagement Self Assessment |
Oct 09 2022 | Evaluation |
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End of Day 1 GROUP Temperature Check |
Oct 10 2022 | Evaluation |
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Program Kickoff |
Oct 10 2022 | Event |
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End of Day 2 INDIVIDUAL Temperature Check |
Oct 11 2022 | Evaluation |
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Post-Engagement Assessment |
Oct 18 2022 | Evaluation |
Program Managers
| Name | Organization |
|---|---|
| Ben Wilson | University of Notre Dame |
| Kris Muir | Masters of Science in Management |
| Michael Deike | University of Notre Dame |
| Pete Pietraszewski | University of Notre Dame |