Mondelēz International's Innovation Transformation with Sopheon's IoT Solution
- Analytics & Modeling - Process Analytics
- Functional Applications - Enterprise Resource Planning Systems (ERP)
- Product Research & Development
- Quality Assurance
- Process Control & Optimization
- Supply Chain Visibility
Mondelēz International, a global food and beverage leader, faced significant challenges during the COVID-19 pandemic. The company had to accelerate its consumer-centric growth strategy amidst the global disruption. A significant part of this strategy involved replacing outdated, disconnected systems and tools for innovation process management. Mondelēz needed a single solution for managing its innovation portfolio, resources, demand planning, and project execution. The company was also faced with the challenge of delivering products to market that exceed consumer expectations faster and more profitably. The existing disconnected legacy systems were hampering timely insights, decision-making, and resource allocation. There was a lack of transparency to the innovation portfolio which slowed project management and complicated governance. Outdated and fragmented analytics created a lack of innovation project visibility across global teams.
About The Customer
Mondelēz International is a global leader in the food and beverage industry, boasting a stable of well-known brands like Cadbury, Oreo, and many other household names. The company has a strong focus on innovation and consumer-centric growth. At the onset of the COVID-19 pandemic, Mondelēz doubled down on its long-term strategy to accelerate this growth. The company conducts more than 6,500 product-related project activities in a typical year, using a gated process to identify, define, and plan the resources allocated to these projects.
To address these challenges, Mondelēz partnered with Sopheon to deploy its Accolade software as a new, enterprise-wide platform for innovation portfolio and process management. The software was implemented rapidly, with a focus on driving adoption across the global enterprise. The initial Accolade implementation was built in just nine weeks, followed by four weeks of testing and validation. The solution aimed at creating a 'single source of truth' by retiring outmoded processes and disconnected software solutions, then merging those functions into Accolade. With Accolade, Mondelēz International achieved 100 percent global visibility to all new product initiatives in the portfolio. This enabled the company to allocate resources and prioritize the highest-value products. The entire global organization now uses a single source for information, product, project, and portfolio management, enabling greater collaboration and efficiencies across product lines and business units.
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