European Institute Of Scientific Research For Ayurveda (EISRA) is one of the oldest institutes in Europe providing education in Ayurveda. EISRA has its own school in the Netherlands and has multiple clinics in Western Europe.
EISRA had its own range of products, which were used in the clinics and for educational purposes. As a plan to expand, EISRA wanted now to deal into innovative product re-development and set a concrete operational plan, which can add a value to the organization and also commercialize the same.
Herbal Consultants Pvt. Ltd. (HCPL) has a hand full of experience into the Global Ayurveda industry. Our expertise in identifying opportunities for improvement, which the business could understand and buy into, was vital. By analyzing the company’s processes using a unique cost diagnostic combined with lean techniques, HCPL identified product and operational improvement opportunities. HCPL re-developed 12 product formulations according to the international regulatory standards for herbal supplements, designed an innovative packaging systems for the new products with a patented child locking system, conducted clinical trials for the products, set manufacturing plans in Netherlands, India and Canada and made a systematic strategic plans for the product commercialization.
The plan highlighted 64% yearly revenue activity. The cost model built by HCPL led to rapid and accurate quantification and business buy in to the business case benefits.
With management support, HCPL have developed a transformation programme and is supporting this company in planning its implementation phase, which is targeting a 30% cost reduction in budget.
To learn more about our work in this area or to speak to one of our experts in this industry, please contact us now.