Kraft Foods preps procurement optimisation program
17 Sep 2010
Source: Procurement Leaders
Kraft Foods has revealed that procurement optimisation will play a key role in its global growth plans for the next three years. ?The company forecasts that it will be able to make savings over the next three years from procurement, manufacturing and logistics that will drive productivity gains in excess of 4 % of cost of goods sold. These productivity gains, combined with flat overhead growth and pricing to offset input costs, will contribute to the expansion of gross margin.
Irene Rosenfeld, Kraft's chairman and CEO said: "We've built a solid foundation for growth. By leveraging our scale, making strategic investments in marketing, sales and innovation and establishing a world-class cost structure, we will take our performance to the next level."
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