A major focus of the consumer products industry is bringing new products to market and quickly responding to market developments. Flexibility and rapid execution of capital projects are frequently much more important than capital cost and distinguish the leading companies in this industry.
IPA's capital project evaluations in the food and consumer products market industry have demonstrated four critical findings:
The leading consumer product companies are able to rapidly respond to market information and, after a decision is reached, are noted for rapid execution. Best Practices differentiate their performance and allow for consistent results.
IPA's Consumer Products Database includes hundreds of capital projects executed by food and consumer products companies. The database contains variables for each project that cover the entire project life cycle, from early planning commissioning, startup, and early operation. All of this information is carefully protected to ensure proprietary information is safeguarded.
We have used these data to develop powerful statistical tools that enable us to understand, through analysis and quantitative measurement, the project procedures that are most effective to meet the business demands of each industry. Our wealth of capital project experience is aggregated, and used to provide key lessons to our clients. The result is knowledge of demonstrated Best Practices, not the advertised benefit a particular technique may provide. This knowledge is used to prioritize improvement efforts, reduce project risks, improve capital project outcomes, and significantly contribute to financial performance. IPA routinely evaluates individual capital products and project system performance through the application of our products and services.