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Heinz Implementing Zero Based Budgeting

Posted on August 27, 2014

BY LEAPROS® Finance & Accounting · Analytics · Budgeting · Financial Planning

Zero Based Budgeting (ZBB) is more than just a cost cutting exercise. In its purest form it is about introducing a culture of ownership across the organisation where individuals are asked act and think like owners of the company – treating every dollar as if it were their own  3G Capital have successfully implemented ZBB in a variety of different companies and have increased margins to such a level that they outstrip their peers by a considerable distance. In this presentation you will be taken through the concepts of ZBB, how to engage you organisation to successfully implement ZBB and some of the mistakes to avoid.

Chris Winter is currently the Europe Zone Lead for Zero Based Budgeting (ZBB) and Capex at Heinz, the well-known food manufacturer of Beans, Soups and Tomato Ketchup.   Heinz was recently taken over by 3G Capital and Berkshire Hathaway and Chris has been charged with bringing ZBB into Heinz Europe. Chris has worked at Heinz for 13 years and has held roles in FP&A, Financial Reporting, Demand Planning and Commercial Finance.  Prior to working at Heinz Chris Worked at British Airways for 3 years implementing a European Shared Service Centre.

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