Retail Merchandiser - March/April 2016 - 24


MONDELEZ INTERNATIONAL
able work, some of which is outsourced to
Accenture. Mondelēz International's risk
managers work closely with the finance
department to conduct hedging actions
on commodities. Finally, the strategy and
capability division develops the process
and technology road map for the other
four parts of the procurement group.
The five-part procurement model was
developed early on in Mondelēz International's plan to restructure the department. The company began the process by
studying external benchmarks to investigate how other companies solved similar
procurement dilemmas. That data enabled
Mondelēz to develop its own procurement strategy to facilitate the transfer of
best practices and leverage scale.
The resulting strategy is a move away
from the idea of "global," but replaces it
with a philosophy of unification. Dady
calls the concept "Pangaea" from the
primal supercontinent that all modern
continents broke off from. "We do not
want to lose sight of our customers and
the P&L that we serve," Dady says.
"But the bigger point is that we act as
one fully integrated team, with no seas
or oceans getting in the way of scale
leverage or best-practice sharing."

Keying in on Growth
In building the best procurement
department in the snacking world,
Dady is quick to point out that "'best'
doesn't mean best at any cost." Having
a procurement function is an investment by Mondelēz, he explains, and the
group owes the business a return on that
investment. "When you have an ROI
mentality, that's when this whole Pangaea concept becomes more interesting."
Although Mondelēz is still implementing its procurement strategy, Dady
says the company is already seeing
results. For the first time in 2015, the
procurement group was able to deliver
more than 5 percent total gross savings,
equivalent to more than a billion dollars.
Much of that progress can be credited to
the new collaboration models it works
24

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Table of Contents for the Digital Edition of Retail Merchandiser - March/April 2016

Contents
Retail Merchandiser - March/April 2016 - Cover1
Retail Merchandiser - March/April 2016 - Cover2
Retail Merchandiser - March/April 2016 - 1
Retail Merchandiser - March/April 2016 - 2
Retail Merchandiser - March/April 2016 - Contents
Retail Merchandiser - March/April 2016 - 4
Retail Merchandiser - March/April 2016 - 5
Retail Merchandiser - March/April 2016 - 6
Retail Merchandiser - March/April 2016 - 7
Retail Merchandiser - March/April 2016 - 8
Retail Merchandiser - March/April 2016 - 9
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Retail Merchandiser - March/April 2016 - 18
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Retail Merchandiser - March/April 2016 - 20
Retail Merchandiser - March/April 2016 - 21
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Retail Merchandiser - March/April 2016 - 24
Retail Merchandiser - March/April 2016 - 25
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Retail Merchandiser - March/April 2016 - 28
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Retail Merchandiser - March/April 2016 - Cover3
Retail Merchandiser - March/April 2016 - Cover4
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