date:Feb 25, 2014
American snack producer Mondelez has hired management advisor Accenture to research its cost structures, as it seeks to save 2.2 billion in three years time. The system is already being used by 3G Capital, owners of Heinz.
Under this system, every line item of the budget must be approved by department managers unlike the traditional budgeting system under which only the cost variance needed to be justified.
It is hoped that through this partnership with Accenture, Mondelez will be able to gro