SlideShare a Scribd company logo
1 of 2
Download to read offline
Mondelez International:
delivering savings with
zero-based budgeting
Client profile
Mondelez International is a global
snack food powerhouse with billion-
dollar brands like Oreo®, LU®, Nabisco®,
Cadbury®, Milka®, Trident® and Tang®. It
serves consumers in 165 countries and
reported $34 billion in revenue in 2014.
Opportunity
Although Mondelez International
experienced high growth, it needed
to improve operating margins, which
were lower than its peers. Mondelez
International asked Accenture to establish
a zero-based budgeting system that
would help it compete more effectively
in an increasingly challenging economic
environment. Mondelez International
and Accenture collaborated to drive
companywide cultural change that would
help control indirect costs to improve
margins and reinvest for growth.
Solution
But delivering one-time savings wasn’t
enough—Mondelez International
wanted those savings to be sustainable
over time. Similarly, while Mondelez
International sought to streamline
operations, it also wanted to preserve
key ingredients that made it a successful
company. Accenture and Mondelez
International’s leadership, therefore, took
a measured approach to zero-based-
budgeting, reducing costs in all areas
of the business. The team focused on
taking cost out of low-value areas like
travel and other overheads so Mondelez
International could reinvest the money
in areas that create a competitive
advantage, such as product development
and marketing. Together, Accenture and
Mondelez International created new
budgeting processes and embarked on
a far-reaching change management
program to establish accountability for
cost management.
As part of the work, Accenture helped
design a new global operating model and
supporting global business services unit
that delivers cost-effective and efficient
finance, HR and procurement services.
Accenture is also providing finance
and accounting and order-to-cash BPO
services.
Results
In only three months, Mondelez
International’s new operating model
was up and running. In the first year, the
company delivered savings of $350 million.
Over three years, the company aims to
save $1 billion. The savings have also
helped increase operating margins. More
importantly, the new budgeting processes
and change management program have
helped embed cost consciousness in the
company’s day-to-day operations and
culture. Mondelez International employees
are equipped with the processes and
tracking tools to meet their budgetary
targets. This cultural change is delivering
ongoing efficiency savings that can be
continuously reinvested into growth
initiatives.
“We needed to quickly
become more agile and
improve our profitability
within our unique culture.
The approach we took
with Accenture delivered
short- and long-term
value, enabling us to turn
cost management into a
competitive advantage."
Brian Gladden, EVP and CFO
About Accenture
Accenture is a global management
consulting, technology services and
outsourcing company, with more than
323,000 people serving clients in
more than 120 countries. Combining
unparalleled experience, comprehensive
capabilities across all industries and
business functions, and extensive research
on the world’s most successful companies,
Accenture collaborates with clients to
help them become high-performance
businesses and governments. The company
generated net revenues of US$30.0 billion
for the fiscal year ended Aug. 31, 2014. Its
home page is www.accenture.com.
MONDELEZ INTERNATIONAL, OREO, the
OREO Wafer Design, the OREO Milk
Splash, LU, NABISCO, CADBURY, MILKA,
TRIDENT and TANG are trademarks of
Mondelez International group, used with
permission.
Copyright © 2015 Accenture
All rights reserved.
Accenture, its logo, and
High Performance Delivered
are trademarks of Accenture.

More Related Content

What's hot

Bionator and frankel appliances in orthodontics
Bionator and frankel appliances in orthodonticsBionator and frankel appliances in orthodontics
Bionator and frankel appliances in orthodonticsAshok Kumar
 
TWIN BLOCK APPLIANCE THERAPY
TWIN BLOCK APPLIANCE THERAPY TWIN BLOCK APPLIANCE THERAPY
TWIN BLOCK APPLIANCE THERAPY Shehnaz Jahangir
 
Extraoral orthopaedic appliance(headgear)
Extraoral orthopaedic appliance(headgear)Extraoral orthopaedic appliance(headgear)
Extraoral orthopaedic appliance(headgear)M Shariq Sohail
 
Product Strategy
Product StrategyProduct Strategy
Product StrategyMatt Hunter
 
Self ligating brackets /certified fixed orthodontic courses by Indian dental ...
Self ligating brackets /certified fixed orthodontic courses by Indian dental ...Self ligating brackets /certified fixed orthodontic courses by Indian dental ...
Self ligating brackets /certified fixed orthodontic courses by Indian dental ...Indian dental academy
 
Biomechanics of Headgears
Biomechanics of HeadgearsBiomechanics of Headgears
Biomechanics of HeadgearsKunaal Agrawal
 
Recent trends in pea
Recent trends in peaRecent trends in pea
Recent trends in peakkooljai
 
Biomechanics of headgears in orthodontics /certified fixed orthodontic course...
Biomechanics of headgears in orthodontics /certified fixed orthodontic course...Biomechanics of headgears in orthodontics /certified fixed orthodontic course...
Biomechanics of headgears in orthodontics /certified fixed orthodontic course...Indian dental academy
 
Torque in pre adjusted e.w.a /certified fixed orthodontic courses by Indian...
Torque in pre adjusted e.w.a   /certified fixed orthodontic courses by Indian...Torque in pre adjusted e.w.a   /certified fixed orthodontic courses by Indian...
Torque in pre adjusted e.w.a /certified fixed orthodontic courses by Indian...Indian dental academy
 

What's hot (20)

Self ligating brackets
Self ligating brackets Self ligating brackets
Self ligating brackets
 
Clear aligner treatment
Clear aligner treatmentClear aligner treatment
Clear aligner treatment
 
Nickel titanium in orthodontics
Nickel titanium in orthodonticsNickel titanium in orthodontics
Nickel titanium in orthodontics
 
Self ligating brackets for orthodontists by Almuzian
Self ligating brackets for orthodontists by AlmuzianSelf ligating brackets for orthodontists by Almuzian
Self ligating brackets for orthodontists by Almuzian
 
Class 2, division 1 malocclusions
Class 2, division 1 malocclusionsClass 2, division 1 malocclusions
Class 2, division 1 malocclusions
 
Visual Treatment Objective
Visual Treatment ObjectiveVisual Treatment Objective
Visual Treatment Objective
 
Alexander discipline
Alexander disciplineAlexander discipline
Alexander discipline
 
Bionator and frankel appliances in orthodontics
Bionator and frankel appliances in orthodonticsBionator and frankel appliances in orthodontics
Bionator and frankel appliances in orthodontics
 
TWIN BLOCK APPLIANCE THERAPY
TWIN BLOCK APPLIANCE THERAPY TWIN BLOCK APPLIANCE THERAPY
TWIN BLOCK APPLIANCE THERAPY
 
twin block
twin blocktwin block
twin block
 
growth rotations 2
 growth rotations 2 growth rotations 2
growth rotations 2
 
Extraoral orthopaedic appliance(headgear)
Extraoral orthopaedic appliance(headgear)Extraoral orthopaedic appliance(headgear)
Extraoral orthopaedic appliance(headgear)
 
CERAMICS IN ORTHODONTICS
CERAMICS IN ORTHODONTICSCERAMICS IN ORTHODONTICS
CERAMICS IN ORTHODONTICS
 
Product Strategy
Product StrategyProduct Strategy
Product Strategy
 
Self ligating brackets /certified fixed orthodontic courses by Indian dental ...
Self ligating brackets /certified fixed orthodontic courses by Indian dental ...Self ligating brackets /certified fixed orthodontic courses by Indian dental ...
Self ligating brackets /certified fixed orthodontic courses by Indian dental ...
 
Biomechanics of Headgears
Biomechanics of HeadgearsBiomechanics of Headgears
Biomechanics of Headgears
 
Recent trends in pea
Recent trends in peaRecent trends in pea
Recent trends in pea
 
Biomechanics of headgears in orthodontics /certified fixed orthodontic course...
Biomechanics of headgears in orthodontics /certified fixed orthodontic course...Biomechanics of headgears in orthodontics /certified fixed orthodontic course...
Biomechanics of headgears in orthodontics /certified fixed orthodontic course...
 
Torque in pre adjusted e.w.a /certified fixed orthodontic courses by Indian...
Torque in pre adjusted e.w.a   /certified fixed orthodontic courses by Indian...Torque in pre adjusted e.w.a   /certified fixed orthodontic courses by Indian...
Torque in pre adjusted e.w.a /certified fixed orthodontic courses by Indian...
 
Smile architect
Smile architectSmile architect
Smile architect
 

Viewers also liked

Ducati Dealer Communication System
Ducati Dealer Communication SystemDucati Dealer Communication System
Ducati Dealer Communication Systemaccenture
 
Connected Commerce Hits the Road
Connected Commerce Hits the RoadConnected Commerce Hits the Road
Connected Commerce Hits the Roadaccenture
 
How Blockchain can bring Greater Value to Procure to Pay Processes
How Blockchain can bring Greater Value to Procure to Pay ProcessesHow Blockchain can bring Greater Value to Procure to Pay Processes
How Blockchain can bring Greater Value to Procure to Pay Processesaccenture
 
Regulatory Compliance: Automated Digital Assistant
Regulatory Compliance: Automated Digital AssistantRegulatory Compliance: Automated Digital Assistant
Regulatory Compliance: Automated Digital Assistantaccenture
 
Accenture 2015 Global Structural Reform Study
Accenture 2015 Global Structural Reform StudyAccenture 2015 Global Structural Reform Study
Accenture 2015 Global Structural Reform Studyaccenture
 
Accenture 2015 Global Risk Management Study: Risk Masters infographic
Accenture 2015 Global Risk Management Study: Risk Masters infographicAccenture 2015 Global Risk Management Study: Risk Masters infographic
Accenture 2015 Global Risk Management Study: Risk Masters infographicaccenture
 
Accenture 2015 Global Risk Management Study: North American Banking infographic
Accenture 2015 Global Risk Management Study: North American Banking infographicAccenture 2015 Global Risk Management Study: North American Banking infographic
Accenture 2015 Global Risk Management Study: North American Banking infographicaccenture
 
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 6
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 6Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 6
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 6accenture
 
Top ten challenges for investment banks 2015 restructuring challenge 7
Top ten challenges for investment banks 2015 restructuring challenge 7Top ten challenges for investment banks 2015 restructuring challenge 7
Top ten challenges for investment banks 2015 restructuring challenge 7accenture
 
Accenture Workforce of the Future: Humanizing Work through Digital
Accenture Workforce of the Future: Humanizing Work through DigitalAccenture Workforce of the Future: Humanizing Work through Digital
Accenture Workforce of the Future: Humanizing Work through Digitalaccenture
 
Top Ten Challenges for Investment Banks 2015: Regulation: Challenge 1
Top Ten Challenges for Investment Banks 2015: Regulation: Challenge 1Top Ten Challenges for Investment Banks 2015: Regulation: Challenge 1
Top Ten Challenges for Investment Banks 2015: Regulation: Challenge 1accenture
 
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 5
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 5Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 5
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 5accenture
 
Scaling Mobile Development
Scaling Mobile DevelopmentScaling Mobile Development
Scaling Mobile DevelopmentLookout
 

Viewers also liked (20)

Ducati Dealer Communication System
Ducati Dealer Communication SystemDucati Dealer Communication System
Ducati Dealer Communication System
 
Connected Commerce Hits the Road
Connected Commerce Hits the RoadConnected Commerce Hits the Road
Connected Commerce Hits the Road
 
How Blockchain can bring Greater Value to Procure to Pay Processes
How Blockchain can bring Greater Value to Procure to Pay ProcessesHow Blockchain can bring Greater Value to Procure to Pay Processes
How Blockchain can bring Greater Value to Procure to Pay Processes
 
Regulatory Compliance: Automated Digital Assistant
Regulatory Compliance: Automated Digital AssistantRegulatory Compliance: Automated Digital Assistant
Regulatory Compliance: Automated Digital Assistant
 
Accenture 2015 Global Structural Reform Study
Accenture 2015 Global Structural Reform StudyAccenture 2015 Global Structural Reform Study
Accenture 2015 Global Structural Reform Study
 
Accenture 2015 Global Risk Management Study: Risk Masters infographic
Accenture 2015 Global Risk Management Study: Risk Masters infographicAccenture 2015 Global Risk Management Study: Risk Masters infographic
Accenture 2015 Global Risk Management Study: Risk Masters infographic
 
Accenture 2015 Global Risk Management Study: North American Banking infographic
Accenture 2015 Global Risk Management Study: North American Banking infographicAccenture 2015 Global Risk Management Study: North American Banking infographic
Accenture 2015 Global Risk Management Study: North American Banking infographic
 
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 6
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 6Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 6
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 6
 
Top ten challenges for investment banks 2015 restructuring challenge 7
Top ten challenges for investment banks 2015 restructuring challenge 7Top ten challenges for investment banks 2015 restructuring challenge 7
Top ten challenges for investment banks 2015 restructuring challenge 7
 
Accenture Workforce of the Future: Humanizing Work through Digital
Accenture Workforce of the Future: Humanizing Work through DigitalAccenture Workforce of the Future: Humanizing Work through Digital
Accenture Workforce of the Future: Humanizing Work through Digital
 
Top Ten Challenges for Investment Banks 2015: Regulation: Challenge 1
Top Ten Challenges for Investment Banks 2015: Regulation: Challenge 1Top Ten Challenges for Investment Banks 2015: Regulation: Challenge 1
Top Ten Challenges for Investment Banks 2015: Regulation: Challenge 1
 
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 5
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 5Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 5
Top Ten Challenges for Investment Banks 2015: Restructuring: Challenge 5
 
milka
milkamilka
milka
 
Mayonnaise Plant Design
Mayonnaise Plant DesignMayonnaise Plant Design
Mayonnaise Plant Design
 
Zone IDA Proc
Zone IDA ProcZone IDA Proc
Zone IDA Proc
 
Scaling Mobile Development
Scaling Mobile DevelopmentScaling Mobile Development
Scaling Mobile Development
 
Keynote & on stage interview (carbo)
Keynote & on stage interview (carbo)Keynote & on stage interview (carbo)
Keynote & on stage interview (carbo)
 
Kewirausahaan
KewirausahaanKewirausahaan
Kewirausahaan
 
Conférence bpi identité numérique - 24 fév 2012
Conférence bpi   identité numérique - 24 fév 2012Conférence bpi   identité numérique - 24 fév 2012
Conférence bpi identité numérique - 24 fév 2012
 
Neider
NeiderNeider
Neider
 

Similar to Mondelēz International: Delivering savings with zero-based budgeting

Business transformation By Stendert Krommendam
Business transformation By Stendert KrommendamBusiness transformation By Stendert Krommendam
Business transformation By Stendert KrommendamDavids Sowa
 
Plaquette P-Val english version
Plaquette P-Val english versionPlaquette P-Val english version
Plaquette P-Val english versionfelixpval
 
manpower annual reports 2002
manpower annual reports 2002manpower annual reports 2002
manpower annual reports 2002finance12
 
Optimize Your World introduction | E-Book
Optimize Your World introduction | E-BookOptimize Your World introduction | E-Book
Optimize Your World introduction | E-BookORTEC
 
Transcom Mid Quarter and CSR Update
Transcom Mid Quarter and CSR UpdateTranscom Mid Quarter and CSR Update
Transcom Mid Quarter and CSR UpdateTranscom
 
Ggb ppt corporativa ingles 2015 actualizada
Ggb ppt corporativa ingles 2015 actualizadaGgb ppt corporativa ingles 2015 actualizada
Ggb ppt corporativa ingles 2015 actualizadaMariano López García
 
Ggb ppt corporativa ingles 2015 actualizada
Ggb ppt corporativa ingles 2015 actualizadaGgb ppt corporativa ingles 2015 actualizada
Ggb ppt corporativa ingles 2015 actualizadaMariano López García
 
ABN AMRO E-LEARNINGAND CULTURE
ABN AMRO E-LEARNINGAND CULTUREABN AMRO E-LEARNINGAND CULTURE
ABN AMRO E-LEARNINGAND CULTUREObalashi Rajani
 
2013 Globant's Sustainability Report
2013 Globant's Sustainability Report2013 Globant's Sustainability Report
2013 Globant's Sustainability ReportGlobant
 
The Bamburi Cement Group Annual Report 2016 Integreated Report
The Bamburi Cement Group Annual Report 2016 Integreated ReportThe Bamburi Cement Group Annual Report 2016 Integreated Report
The Bamburi Cement Group Annual Report 2016 Integreated ReportSazzad Hossain, ITP, MBA, CSCA™
 
Coode Associates - Culture Transformation
Coode Associates   - Culture TransformationCoode Associates   - Culture Transformation
Coode Associates - Culture TransformationCoode Associates
 
Zero based budgeting for you
Zero based budgeting for youZero based budgeting for you
Zero based budgeting for youExpertsConsult
 
EFMD Mag Issue_3_2011_EIP_Supplement Highly Commended Cases
EFMD Mag Issue_3_2011_EIP_Supplement Highly Commended CasesEFMD Mag Issue_3_2011_EIP_Supplement Highly Commended Cases
EFMD Mag Issue_3_2011_EIP_Supplement Highly Commended CasesNora Anderson
 
Full version of Management accounting 1
Full version of Management accounting 1Full version of Management accounting 1
Full version of Management accounting 1UTAR
 
Bedanga Bordoloi - CSR & United Nation's Sustainable Development Goals: Recon...
Bedanga Bordoloi - CSR & United Nation's Sustainable Development Goals: Recon...Bedanga Bordoloi - CSR & United Nation's Sustainable Development Goals: Recon...
Bedanga Bordoloi - CSR & United Nation's Sustainable Development Goals: Recon...Talal Al-Shammari
 
Upwork Annual Impact Report
Upwork Annual Impact Report Upwork Annual Impact Report
Upwork Annual Impact Report Upwork
 
International Human Resource Management
International Human Resource ManagementInternational Human Resource Management
International Human Resource ManagementAssignment Studio
 
Samsung Sustainability reports 2014
Samsung Sustainability reports 2014Samsung Sustainability reports 2014
Samsung Sustainability reports 2014Dario Caliendo
 
Sd Field Guide
Sd Field GuideSd Field Guide
Sd Field Guide00shelly
 

Similar to Mondelēz International: Delivering savings with zero-based budgeting (20)

Business transformation By Stendert Krommendam
Business transformation By Stendert KrommendamBusiness transformation By Stendert Krommendam
Business transformation By Stendert Krommendam
 
Plaquette P-Val english version
Plaquette P-Val english versionPlaquette P-Val english version
Plaquette P-Val english version
 
manpower annual reports 2002
manpower annual reports 2002manpower annual reports 2002
manpower annual reports 2002
 
Innovation_Group_SR14
Innovation_Group_SR14Innovation_Group_SR14
Innovation_Group_SR14
 
Optimize Your World introduction | E-Book
Optimize Your World introduction | E-BookOptimize Your World introduction | E-Book
Optimize Your World introduction | E-Book
 
Transcom Mid Quarter and CSR Update
Transcom Mid Quarter and CSR UpdateTranscom Mid Quarter and CSR Update
Transcom Mid Quarter and CSR Update
 
Ggb ppt corporativa ingles 2015 actualizada
Ggb ppt corporativa ingles 2015 actualizadaGgb ppt corporativa ingles 2015 actualizada
Ggb ppt corporativa ingles 2015 actualizada
 
Ggb ppt corporativa ingles 2015 actualizada
Ggb ppt corporativa ingles 2015 actualizadaGgb ppt corporativa ingles 2015 actualizada
Ggb ppt corporativa ingles 2015 actualizada
 
ABN AMRO E-LEARNINGAND CULTURE
ABN AMRO E-LEARNINGAND CULTUREABN AMRO E-LEARNINGAND CULTURE
ABN AMRO E-LEARNINGAND CULTURE
 
2013 Globant's Sustainability Report
2013 Globant's Sustainability Report2013 Globant's Sustainability Report
2013 Globant's Sustainability Report
 
The Bamburi Cement Group Annual Report 2016 Integreated Report
The Bamburi Cement Group Annual Report 2016 Integreated ReportThe Bamburi Cement Group Annual Report 2016 Integreated Report
The Bamburi Cement Group Annual Report 2016 Integreated Report
 
Coode Associates - Culture Transformation
Coode Associates   - Culture TransformationCoode Associates   - Culture Transformation
Coode Associates - Culture Transformation
 
Zero based budgeting for you
Zero based budgeting for youZero based budgeting for you
Zero based budgeting for you
 
EFMD Mag Issue_3_2011_EIP_Supplement Highly Commended Cases
EFMD Mag Issue_3_2011_EIP_Supplement Highly Commended CasesEFMD Mag Issue_3_2011_EIP_Supplement Highly Commended Cases
EFMD Mag Issue_3_2011_EIP_Supplement Highly Commended Cases
 
Full version of Management accounting 1
Full version of Management accounting 1Full version of Management accounting 1
Full version of Management accounting 1
 
Bedanga Bordoloi - CSR & United Nation's Sustainable Development Goals: Recon...
Bedanga Bordoloi - CSR & United Nation's Sustainable Development Goals: Recon...Bedanga Bordoloi - CSR & United Nation's Sustainable Development Goals: Recon...
Bedanga Bordoloi - CSR & United Nation's Sustainable Development Goals: Recon...
 
Upwork Annual Impact Report
Upwork Annual Impact Report Upwork Annual Impact Report
Upwork Annual Impact Report
 
International Human Resource Management
International Human Resource ManagementInternational Human Resource Management
International Human Resource Management
 
Samsung Sustainability reports 2014
Samsung Sustainability reports 2014Samsung Sustainability reports 2014
Samsung Sustainability reports 2014
 
Sd Field Guide
Sd Field GuideSd Field Guide
Sd Field Guide
 

More from accenture

The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024accenture
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023accenture
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education accenture
 
The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023accenture
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education accenture
 
Engineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileaccenture
 
Digital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial Systemaccenture
 
More deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyMore deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyaccenture
 
The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023accenture
 
Reinventing Enterprise Operations
Reinventing Enterprise OperationsReinventing Enterprise Operations
Reinventing Enterprise Operationsaccenture
 
Semiconductor Gender Parity Study
Semiconductor Gender Parity StudySemiconductor Gender Parity Study
Semiconductor Gender Parity Studyaccenture
 
The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023accenture
 
Nonprofit reinvention in a time of unprecedented change
 Nonprofit reinvention in a time of unprecedented change Nonprofit reinvention in a time of unprecedented change
Nonprofit reinvention in a time of unprecedented changeaccenture
 
Free to be 100% me
Free to be 100% meFree to be 100% me
Free to be 100% meaccenture
 
The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023accenture
 
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoMundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoaccenture
 
Pathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications IndustryPathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications Industryaccenture
 
The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023accenture
 
Reimagining the Agenda | Accenture
Reimagining the Agenda | AccentureReimagining the Agenda | Accenture
Reimagining the Agenda | Accentureaccenture
 
Climate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | AccentureClimate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | Accentureaccenture
 

More from accenture (20)

The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
 
The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
 
Engineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibile
 
Digital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial System
 
More deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyMore deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journey
 
The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023
 
Reinventing Enterprise Operations
Reinventing Enterprise OperationsReinventing Enterprise Operations
Reinventing Enterprise Operations
 
Semiconductor Gender Parity Study
Semiconductor Gender Parity StudySemiconductor Gender Parity Study
Semiconductor Gender Parity Study
 
The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023
 
Nonprofit reinvention in a time of unprecedented change
 Nonprofit reinvention in a time of unprecedented change Nonprofit reinvention in a time of unprecedented change
Nonprofit reinvention in a time of unprecedented change
 
Free to be 100% me
Free to be 100% meFree to be 100% me
Free to be 100% me
 
The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023
 
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoMundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
 
Pathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications IndustryPathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications Industry
 
The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023
 
Reimagining the Agenda | Accenture
Reimagining the Agenda | AccentureReimagining the Agenda | Accenture
Reimagining the Agenda | Accenture
 
Climate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | AccentureClimate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | Accenture
 

Recently uploaded

ChatGPT and Beyond - Elevating DevOps Productivity
ChatGPT and Beyond - Elevating DevOps ProductivityChatGPT and Beyond - Elevating DevOps Productivity
ChatGPT and Beyond - Elevating DevOps ProductivityVictorSzoltysek
 
WebAssembly is Key to Better LLM Performance
WebAssembly is Key to Better LLM PerformanceWebAssembly is Key to Better LLM Performance
WebAssembly is Key to Better LLM PerformanceSamy Fodil
 
How we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdfHow we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdfSrushith Repakula
 
JohnPollard-hybrid-app-RailsConf2024.pptx
JohnPollard-hybrid-app-RailsConf2024.pptxJohnPollard-hybrid-app-RailsConf2024.pptx
JohnPollard-hybrid-app-RailsConf2024.pptxJohnPollard37
 
Microsoft CSP Briefing Pre-Engagement - Questionnaire
Microsoft CSP Briefing Pre-Engagement - QuestionnaireMicrosoft CSP Briefing Pre-Engagement - Questionnaire
Microsoft CSP Briefing Pre-Engagement - QuestionnaireExakis Nelite
 
Cyber Insurance - RalphGilot - Embry-Riddle Aeronautical University.pptx
Cyber Insurance - RalphGilot - Embry-Riddle Aeronautical University.pptxCyber Insurance - RalphGilot - Embry-Riddle Aeronautical University.pptx
Cyber Insurance - RalphGilot - Embry-Riddle Aeronautical University.pptxMasterG
 
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...ScyllaDB
 
Intro to Passkeys and the State of Passwordless.pptx
Intro to Passkeys and the State of Passwordless.pptxIntro to Passkeys and the State of Passwordless.pptx
Intro to Passkeys and the State of Passwordless.pptxFIDO Alliance
 
Continuing Bonds Through AI: A Hermeneutic Reflection on Thanabots
Continuing Bonds Through AI: A Hermeneutic Reflection on ThanabotsContinuing Bonds Through AI: A Hermeneutic Reflection on Thanabots
Continuing Bonds Through AI: A Hermeneutic Reflection on ThanabotsLeah Henrickson
 
Easier, Faster, and More Powerful – Notes Document Properties Reimagined
Easier, Faster, and More Powerful – Notes Document Properties ReimaginedEasier, Faster, and More Powerful – Notes Document Properties Reimagined
Easier, Faster, and More Powerful – Notes Document Properties Reimaginedpanagenda
 
AI mind or machine power point presentation
AI mind or machine power point presentationAI mind or machine power point presentation
AI mind or machine power point presentationyogeshlabana357357
 
Design and Development of a Provenance Capture Platform for Data Science
Design and Development of a Provenance Capture Platform for Data ScienceDesign and Development of a Provenance Capture Platform for Data Science
Design and Development of a Provenance Capture Platform for Data SciencePaolo Missier
 
Human Expert Website Manual WCAG 2.0 2.1 2.2 Audit - Digital Accessibility Au...
Human Expert Website Manual WCAG 2.0 2.1 2.2 Audit - Digital Accessibility Au...Human Expert Website Manual WCAG 2.0 2.1 2.2 Audit - Digital Accessibility Au...
Human Expert Website Manual WCAG 2.0 2.1 2.2 Audit - Digital Accessibility Au...Skynet Technologies
 
2024 May Patch Tuesday
2024 May Patch Tuesday2024 May Patch Tuesday
2024 May Patch TuesdayIvanti
 
Generative AI Use Cases and Applications.pdf
Generative AI Use Cases and Applications.pdfGenerative AI Use Cases and Applications.pdf
Generative AI Use Cases and Applications.pdfalexjohnson7307
 
AI+A11Y 11MAY2024 HYDERBAD GAAD 2024 - HelloA11Y (11 May 2024)
AI+A11Y 11MAY2024 HYDERBAD GAAD 2024 - HelloA11Y (11 May 2024)AI+A11Y 11MAY2024 HYDERBAD GAAD 2024 - HelloA11Y (11 May 2024)
AI+A11Y 11MAY2024 HYDERBAD GAAD 2024 - HelloA11Y (11 May 2024)Samir Dash
 
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdfMuhammad Subhan
 
Tales from a Passkey Provider Progress from Awareness to Implementation.pptx
Tales from a Passkey Provider  Progress from Awareness to Implementation.pptxTales from a Passkey Provider  Progress from Awareness to Implementation.pptx
Tales from a Passkey Provider Progress from Awareness to Implementation.pptxFIDO Alliance
 
Introduction to FIDO Authentication and Passkeys.pptx
Introduction to FIDO Authentication and Passkeys.pptxIntroduction to FIDO Authentication and Passkeys.pptx
Introduction to FIDO Authentication and Passkeys.pptxFIDO Alliance
 

Recently uploaded (20)

Overview of Hyperledger Foundation
Overview of Hyperledger FoundationOverview of Hyperledger Foundation
Overview of Hyperledger Foundation
 
ChatGPT and Beyond - Elevating DevOps Productivity
ChatGPT and Beyond - Elevating DevOps ProductivityChatGPT and Beyond - Elevating DevOps Productivity
ChatGPT and Beyond - Elevating DevOps Productivity
 
WebAssembly is Key to Better LLM Performance
WebAssembly is Key to Better LLM PerformanceWebAssembly is Key to Better LLM Performance
WebAssembly is Key to Better LLM Performance
 
How we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdfHow we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdf
 
JohnPollard-hybrid-app-RailsConf2024.pptx
JohnPollard-hybrid-app-RailsConf2024.pptxJohnPollard-hybrid-app-RailsConf2024.pptx
JohnPollard-hybrid-app-RailsConf2024.pptx
 
Microsoft CSP Briefing Pre-Engagement - Questionnaire
Microsoft CSP Briefing Pre-Engagement - QuestionnaireMicrosoft CSP Briefing Pre-Engagement - Questionnaire
Microsoft CSP Briefing Pre-Engagement - Questionnaire
 
Cyber Insurance - RalphGilot - Embry-Riddle Aeronautical University.pptx
Cyber Insurance - RalphGilot - Embry-Riddle Aeronautical University.pptxCyber Insurance - RalphGilot - Embry-Riddle Aeronautical University.pptx
Cyber Insurance - RalphGilot - Embry-Riddle Aeronautical University.pptx
 
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
 
Intro to Passkeys and the State of Passwordless.pptx
Intro to Passkeys and the State of Passwordless.pptxIntro to Passkeys and the State of Passwordless.pptx
Intro to Passkeys and the State of Passwordless.pptx
 
Continuing Bonds Through AI: A Hermeneutic Reflection on Thanabots
Continuing Bonds Through AI: A Hermeneutic Reflection on ThanabotsContinuing Bonds Through AI: A Hermeneutic Reflection on Thanabots
Continuing Bonds Through AI: A Hermeneutic Reflection on Thanabots
 
Easier, Faster, and More Powerful – Notes Document Properties Reimagined
Easier, Faster, and More Powerful – Notes Document Properties ReimaginedEasier, Faster, and More Powerful – Notes Document Properties Reimagined
Easier, Faster, and More Powerful – Notes Document Properties Reimagined
 
AI mind or machine power point presentation
AI mind or machine power point presentationAI mind or machine power point presentation
AI mind or machine power point presentation
 
Design and Development of a Provenance Capture Platform for Data Science
Design and Development of a Provenance Capture Platform for Data ScienceDesign and Development of a Provenance Capture Platform for Data Science
Design and Development of a Provenance Capture Platform for Data Science
 
Human Expert Website Manual WCAG 2.0 2.1 2.2 Audit - Digital Accessibility Au...
Human Expert Website Manual WCAG 2.0 2.1 2.2 Audit - Digital Accessibility Au...Human Expert Website Manual WCAG 2.0 2.1 2.2 Audit - Digital Accessibility Au...
Human Expert Website Manual WCAG 2.0 2.1 2.2 Audit - Digital Accessibility Au...
 
2024 May Patch Tuesday
2024 May Patch Tuesday2024 May Patch Tuesday
2024 May Patch Tuesday
 
Generative AI Use Cases and Applications.pdf
Generative AI Use Cases and Applications.pdfGenerative AI Use Cases and Applications.pdf
Generative AI Use Cases and Applications.pdf
 
AI+A11Y 11MAY2024 HYDERBAD GAAD 2024 - HelloA11Y (11 May 2024)
AI+A11Y 11MAY2024 HYDERBAD GAAD 2024 - HelloA11Y (11 May 2024)AI+A11Y 11MAY2024 HYDERBAD GAAD 2024 - HelloA11Y (11 May 2024)
AI+A11Y 11MAY2024 HYDERBAD GAAD 2024 - HelloA11Y (11 May 2024)
 
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
 
Tales from a Passkey Provider Progress from Awareness to Implementation.pptx
Tales from a Passkey Provider  Progress from Awareness to Implementation.pptxTales from a Passkey Provider  Progress from Awareness to Implementation.pptx
Tales from a Passkey Provider Progress from Awareness to Implementation.pptx
 
Introduction to FIDO Authentication and Passkeys.pptx
Introduction to FIDO Authentication and Passkeys.pptxIntroduction to FIDO Authentication and Passkeys.pptx
Introduction to FIDO Authentication and Passkeys.pptx
 

Mondelēz International: Delivering savings with zero-based budgeting

  • 1. Mondelez International: delivering savings with zero-based budgeting
  • 2. Client profile Mondelez International is a global snack food powerhouse with billion- dollar brands like Oreo®, LU®, Nabisco®, Cadbury®, Milka®, Trident® and Tang®. It serves consumers in 165 countries and reported $34 billion in revenue in 2014. Opportunity Although Mondelez International experienced high growth, it needed to improve operating margins, which were lower than its peers. Mondelez International asked Accenture to establish a zero-based budgeting system that would help it compete more effectively in an increasingly challenging economic environment. Mondelez International and Accenture collaborated to drive companywide cultural change that would help control indirect costs to improve margins and reinvest for growth. Solution But delivering one-time savings wasn’t enough—Mondelez International wanted those savings to be sustainable over time. Similarly, while Mondelez International sought to streamline operations, it also wanted to preserve key ingredients that made it a successful company. Accenture and Mondelez International’s leadership, therefore, took a measured approach to zero-based- budgeting, reducing costs in all areas of the business. The team focused on taking cost out of low-value areas like travel and other overheads so Mondelez International could reinvest the money in areas that create a competitive advantage, such as product development and marketing. Together, Accenture and Mondelez International created new budgeting processes and embarked on a far-reaching change management program to establish accountability for cost management. As part of the work, Accenture helped design a new global operating model and supporting global business services unit that delivers cost-effective and efficient finance, HR and procurement services. Accenture is also providing finance and accounting and order-to-cash BPO services. Results In only three months, Mondelez International’s new operating model was up and running. In the first year, the company delivered savings of $350 million. Over three years, the company aims to save $1 billion. The savings have also helped increase operating margins. More importantly, the new budgeting processes and change management program have helped embed cost consciousness in the company’s day-to-day operations and culture. Mondelez International employees are equipped with the processes and tracking tools to meet their budgetary targets. This cultural change is delivering ongoing efficiency savings that can be continuously reinvested into growth initiatives. “We needed to quickly become more agile and improve our profitability within our unique culture. The approach we took with Accenture delivered short- and long-term value, enabling us to turn cost management into a competitive advantage." Brian Gladden, EVP and CFO About Accenture Accenture is a global management consulting, technology services and outsourcing company, with more than 323,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com. MONDELEZ INTERNATIONAL, OREO, the OREO Wafer Design, the OREO Milk Splash, LU, NABISCO, CADBURY, MILKA, TRIDENT and TANG are trademarks of Mondelez International group, used with permission. Copyright © 2015 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.