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H.J. Heinz Company

H.J. Heinz Company. Alan Archer MGMT 6650. Mission and Values. Mission “As the trusted leader in nutrition and wellness, Heinz – the original Pure Food Company – is dedicated to the sustainable health of people, the planet and our Company .” Core Values

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H.J. Heinz Company

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  1. H.J. Heinz Company Alan Archer MGMT 6650

  2. Mission and Values Mission “As the trusted leader in nutrition and wellness, Heinz – the original Pure Food Company – is dedicated to the sustainable health of people, the planet and our Company.” Core Values • Team Building & Collaboration - We embrace great ideas from everywhere and everyone and respect all individuals. • Innovation - We spot consumer and customer needs and meet them with simple, creative solutions. • Vision - We define a compelling, sustainable future and create the path to achieve it. • Results - We deliver on commitments, take accountability and balance the short- and long-term. • Integrity - We always tell the truth, act with the highest ethical standards and ensure that our products are of the highest quality.

  3. History

  4. Leadership / Key Players • Henry J. Heinz • Bob Ostryniec • William R. Johnson • Bernardo Hees

  5. Business Facts • Over 5700 products • Sells products in over 200 countries. • 50+ % U.S. Market Share in Ketchup • 45% U.S. Market Share in Tuna (Starkist) • 50+% U.S. Market Share in frozen potatoes (Ore-Ida) • Heinz sells 650 Million Bottles of Ketchup per annum, as well as 2 single serve packets for every person on earth. • Company boasts 150 #1 or #2 rated products worldwide.

  6. Stock Price 2009 - 2013 • Up 95% from March 2009 to 2013 • Heinz (HNZ until 6/7/13) is sold for $72.50 / share. (19.87% above pre-announcement close of $60.48)

  7. 10 Year Goals

  8. Lean / Six Sigma • Bob Ostryniec introduces Six Sigma into the Heinz culture in 2005. • Implements program to train all employees at yellow or green belt levels. • Used Lean Sigma to implement a new production process. Instead of status quo measures at the end of the day, they monitor the lines every hour or two and make adjustments accordingly. • Efficiencies are monitored in real-time through HOTS (Heinz Operational Tracking Systems). • Results are posted at the end of the day to inform workers of how they are performing. • Heinz seeks to combine their most successful tools and processes into one production process called (HGPS) Heinz Global Performance System (2009)

  9. Improving Packaging

  10. Select Packaging Reductions New Zealand • Heinz-Wattie’s began studies on the effect of lighter cans through the manufacturing process and supply chain. • Reduced highest volume can gauge from .23mm to .16mm. Cutting both cost and waste. • Of the 270 million cans produced in Fiscal Year 2010, 240 million were down-gauged, representing nearly 90% of all canned production. • By down-gauging 240 million cans, Heinz saved more than 1,000 tons of tin plate from being produced for our use.

  11. Select Packaging Reductions U.S.A • Weight Watchers® Smart Ones® Trays • Use 40% less plastic than the previous tray • Replacing plastic with calcium carbonate, a natural mineral, has cut GHG emissions of applicable packaging by 45% to 55% • More durable microwave-only tray • Reduce tray weight by 15% • Ore-Ida® Stand-Up Pouch • Redesigned packaging to reduce material usage and improve functionality • 15% reduction in material • Reduces resin usage by 402 metric tons • 26% reduction in CO2 per unit • Elimination of nylon to enable recycling of scrap pouch material • Classico® Pasta Sauce Jars • Improved ergonomic glass design • Improved footprint to reduce supply chain damage • Redesigned for optimal glass weight distribution • 12% reduction in packaging per unit • 18% reduction in CO2 per unit

  12. Conclusion • H.J. Heinz Company has continuously pursued innovation. • Through Lean /Six Sigma Heinz has improved both production processes and packaging materials. • Continued dedication to improvement could serve as a competitive advantage.

  13. Sources • http://news.heinz.com/press-release/finance/berkshire-hathaway-and-3g-capital-complete-acquisition-hj-heinz-company • http://www.heinz.com/data/pdf/ketchuptimeline.pdf • http://www.bus-ex.com/article/hj-heinz • http://en.wikipedia.org/wiki/Henry_J._Heinz • http://www.heinz.com/our-food/products.aspx#2

  14. Q & A

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