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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "presentationDate": "2014-09-11 00:00:00",
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  "notes": "Includes a specific example of chicken weight tolerance and a photo of a branded Red Lobster bag as a 'Cadillac' example of over-specification.",
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      "text": "To-Go bags are made with high-end materials adding 25-30% cost above competitors’ To-Go bags",
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      "text": "We believe using nonstandard product specs heavily contributes to Darden's excess food costs without improving the guest experience",
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      "text": "Packaging: Non-standardized To-Go bags and microwavable to-go container is the “Cadillac” container of the industry. Darden’s straws are non-industry length, adding cost for a “custom run” from suppliers.",
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      "text": "Best practices like spec rationalization, leveraging of supplier partnerships, and use of aggregators, especially for non-core functions (e.g., office supplies, travel, IT supplies), can deliver potential savings opportunities.",
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      "text": "Suppliers can charge a significant premium for tighter specs, but for most items the customer does not see or care about the difference.",
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      "text": "As just one of many examples, the industry standard for chicken specifications is +/- 0.5 ounce, but Darden requires their chicken to be +/- 0.25 ounce.",
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      "text": "We believe extreme product specs coupled with the use of non-standard products across several areas are key factors to Darden's relative high purchasing costs.",
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