What is Mondelēz’s Global Procurement Data Analytics Team?
The Mondelēz’s Global Procurement Data Analytics Team helps the Global Procurement Organisation manage over $60 billion dollars worth of company spend and collaborate with nearly 28,000 suppliers.
Their goal is to deliver value to the whole business by finding cost savings and driving operational efficiencies to the wider company that is one of the largest snack food producers in the world. It has a net revenue of over $20bn and distributes products in more than 160 countries with famous brands like Cadbury, Oreo, ChipsAhoy, BelVita, Toblerone, Lacta, Milka and Trident.
Turning procurement into a digital process
The procurement team used Tableau to turn their sourcing into a digital process, allowing it to connect 160 data fields and approximately 42 million transactions covering payments, purchase orders and invoices.
“Tableau is a very powerful tool that gives us visibility into the things we want to see, at the level that we want–and allows us to see it very quickly,” said Igor Vasquez, its former Senior Manager of Global Procurement Analytics and Strategy.
The improvement in visibility across their spending has allowed the company to manage payment terms with full end-to-end data integration. Having accurate visibility into how much a company spends across 28,000 suppliers allows the procurement team to see which suppliers they're spending more with, and take steps to consider adjusting payment terms. Having this kind of visibility also gives procurement managers the intelligence in how to increase value from existing suppliers or plan for supplier base reduction.
Digital procurement and sustainability gains
The digital transformation also offers the opportunity for the business to have a much firmer grasp on the impacts of their procurement on their sustainability goals. “"We use analytics not only for our business, but also for caring about our world," says Vasquez. With all supply chain data housed in a centralised system, it provides the opportunity to focus on reducing environmental footprint at every step of the value chain.
The transformation programme is also allowing the team to collaborate effectively across regions with much improved alignment across departments. The standardisation of KPIs with the single data source allows the team to drive cost savings and generate cash. Reports that previously took one to two hours of explanation are now visualisations that can be consumed and understood quickly, simplifying and improving communication across departments and regions.
Read more about Mondelez Net Zero 2050 and the role of sustainable sourcing.
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