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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Jeffrey C. Smith",
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  "notes": "The slide uses a specific example of packaging to illustrate the broader thesis of over-engineering in indirect spend.",
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      "kind": "callout",
      "text": "In Restaurant Example: Packaging. Why do the to-go containers need to be dishwasher safe?",
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      "text": "These requirements over-engineer packaging and drive up costs significantly without necessarily driving any benefit associated with more foot traffic or increased pricing power on customers.",
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      "text": "Note: Total indirect spend does not include ~$170 million of total restaurant expenses (attributed to repairs and maintenance).",
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      "text": "indirect spend: $19-$28 million",
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      "text": "The take-out packaging at Olive Garden is specified to be microwave and dishwasher safe. These requirements over-engineer packaging and drive up costs significantly without necessarily driving any benefit associated with more foot traffic or increased pricing power on customers. Further opportunities to reduce over-engineering and rationalize costs exist within many other indirect categories.",
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      "text": "Estimated savings of $19 – $28 million or 2.1% – 3.1% of total cost pool",
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      "text": "...And $19 – $28 million within indirect categories",
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