Interstate Bakeries Base CaseBy Baselinemag | Posted 2002-01-01 Email Print
Re-Thinking HR: What Every CIO Needs to Know About Tomorrow's Workforce
Interstate Bakeries has not relied heavily on technology. Now, the $3.6 billion maker of Twinkies and Ho Hos is diving into e-procurement. The goal: increase buying power, lower costs.
Interstate Bakeries Base Case
Headquarters: 12 East Armour Boulevard, Kansas City, Mo.
Chief Information Officer: Michael Holdgraf, Vice President of IS
Senior Vice President, Purchasing: Brian Stevenson
Financials in fiscal 2001: $3.5 billion in revenue, $61.1 million in net income, 2% net profit margin
Challenge: Transform paper-based processes into electronic processes; cut indirect procurement costs by buying on the Web; lower prices on contracts with suppliers; and put billing online