Kraft Looks to Slash Supplier Base
Publish Date:
September 10, 2009
Kraft Foods Inc plans to cut its supplier base in half, a move that would affect more than 30,000 companies, as the largest North American food maker looks to save more than $300 million a year.
Consolidating its purchasing of everything from ingredients to packaging materials is part of a plan to improve productivity that also will encompass logistics and manufacturing, the maker of Oreo cookies and Ritz crackers told Reuters.
The review of purchasing comes as the company tries to simplify a procurement framework that evolved as Kraft acquired numerous companies over the years.