The Kraft Heinz Company implements a Zero-Based Budgeting using Oracle Planning and Budgeting Cloud Service (EPM Cloud). Instead of distributing the Budget to each department of the company based on the previous period, the Budget is distributed based on clear initiatives which are evaluated and ranked.
Thus, each department needs to issue a list of initiatives which are ranked within the company. Using the determined priority, the Budget is allocated to each department. This avoids sanctioning of departments which implement efficiencies within the current period and would receive a reduced Budget for the next period.
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