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Dietary Supplement Experts

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NaturPro Scientific offers dietary supplement expert consulting in the following areas:

 

Dietary Supplement Experts

 

Dietary Supplement Expert Consulting

NaturPro Scientific offers Dietary Supplement Expert Consulting covering global markets.

Regulatory and Compliance

 

Natural Products Experts

NaturPro Scientific are Natural Products Experts supporting research, product development and compliance efforts.

Product Development

 

Sourcing & Production

Dietary Supplement GMP Good Manufacturing Practices

NatuPro Scientific offers compliance audits for Dietary Supplement GMP Good Manufacturing Practices (21 CFR 111)

 

Materials Testing

 

Natural Products Research

 

Technology Assessment

  • Technology valuation
  • Technology gap analysis & improvement

 

Intellectual Property Development

Dietary Supplement Testing Experts

Dietary Supplement Testing is performed with Expert Partner Laboratories

Sustainability

  • Good Agricultural and Collection Practices
  • Ethical Sourcing Audits

 

Marketing & Business Support

 

Expert Support

Coaching & Training

 

Contact Us

Supplement Product Financials and COGS

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Food & Supplement Product Financials and COGS

It is critical to nail your financials at all points in the product development and production process. Costing and financial data are the central components that are continuously refined and calculated over the course of the product lifespan.

Food and Supplement Product Costing and Financials

It is critical to nail food and supplement product costing and financials.

It is critical to know your cost of goods (COGS). Much of the cost of goods comes from ingredients. There’s some key things to remember:

  1. Some ingredients, like Monkfruit extract used as a natural sweetener, costs a few thousand dollars a pound, or about ten times the cost of a pound of silver.
  2. The costs of many ingredients fluctuate depending on supply and demand, as well as crop yields and availability of raw materials that change with the climate.  Don’t pick some obscure ingredient unless you have at least two sources, and a “Plan B”.
  3. The cost of ingredients should also account for molar weights, labeling requirements and overages that need to be added, in the case of unstable ingredients.
  4. Most contract manufacturers do not offer price transparency to their ingredients. Because ingredients are a major source of cost, manufacturers are often incentivized to use cheaper, lower quality ingredients.
  5. It’s best to always compare multiple sources of ingredients based on factors other than cost, such as quality, availability, consistency and sustainability documentation.
  6. Packaging can cost a few dollars per bottle, so it is key to understand what the packaging costs per bottle are
  7. Don’t forget about other hidden costs from QC testing, outer packaging, shipping, warehousing and taxes.
  8. The #1 goal of the financial analysis for products is to make sure your COGS are aligned with the desired retail pricing and margins required for profitability.
  9. Vendor Agreements are highly recommended to ensure a consistent level of quality, service and pricing will continue to be delivered for the long term.

Contact us to learn more about how to perform a financial analysis of your food or supplement product.

 

Spec Verified – Supplement Specification Verification

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Ever wonder how your ingredient specifications measure up to regulatory and industry standards?

Supplement and Ingredient Sustainability and Traceability

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The Ethical Sourcing Review™ is one of the most comprehensive and stringent standards developed to improve sustainability of dietary ingredients from natural sources.

Supplement and Ingredient Sustainability and Traceability

The following outline covers subject matter covered in the 100-part ESR™ Sustainability Questionnaire. ESR™ standards are derived from the International Labour Organization Labour Principles of the United Nations Global Compact, the UN Forum on Sustainability Standards, WHO GAP, NOP Organic, USP <561> and US FDA 21 CFR 111.

Product:

  1. Contact information
  2. Product name
  3. Specifications, nomenclature
  4. Sourcing origin
  5. Land use and inputs
  6. Harvest practices
  7. Plant population care
  8. Raw material processing and labeling

Relationships

  1. Type and controls
  2. Prices and wages
  3. Non-discrimination
  4. Reciprocity
  5. Communications

Employment

  1. Labor practices
  2. Fair wages and prices
  3. Child labor
  4. Harrassment
  5. Working conditions
  6. Worker safety

Environment

  1. Legal requirements
  2. Policies and communications
  3. Management responsibilities
  4. Waste management
  5. Emissions
  6. Energy usage

Management and Supply Chain

  1. Written policies
  2. Training
  3. Supplier management
  4. Dealing with non-compliances
  5. Audit program
  6. Geographic risk
  7. Community improvements

 

Contact us for more information on NaturPro Scientific’s ingredient traceability and ethical sourcing programs. 

 

 

Supplier Ingredient Approval & Qualification

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It all starts — and ends– with ingredients. Let us show you the differences.

Natural Product Development and Marketing

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Natural Product Development and Marketing

Dietary supplement and healthy food marketing is a specialized area of expertise, requiring a thorough understanding of food science, chemistry, medicine, toxicology, regulatory requirements, quality assurance and business practices.  NaturPro Scientific combines experts in these disciplines into a comprehensive, systematic service offering clients a way to maximize chances for success in the market.

Natural Product Marketing Analysis  

A product may be determined as safe and effective, but still not be positioned for success.  For example, it may not meet market requirements, be perceived as differentiated enough, or compare favorably to the competitive set.  Our in-depth analysis helps to guide our clients in the right direction and prevent costly oversights. Some main considerations of the marketing analysis includes the following:

  1. Target Health Category(s) and subcategories, including potential niche markets
  2. Market Opportunity Analysis
    1. Market Size Estimation
    2. Anticipated Sales Potential
    3. Key Product Benefit
    4. Regulatory Review
    5. Customer Demographics
    6. Differentiation, Positioning and Competitive Analysis
    7. Innovation Strategy
    8. Potential Threats Analysis
    9. Alternative Product Concepts

Supplement Testing and Ingredient Quality

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If all you have is a hammer, every problem looks like a nail. We are your toolshed.