Cadbury blames IT for £12m profit dent
Chocolate maker Cadbury Schweppes blamed problems with its SAP inventory system for a £12m downturn in profits.
The introduction of the system in the fourth quarter led to glut of Cadbury products. Coupled with weak sales in January – all those New Year Resolutions – the company was forced to heavily discount some chocolate bars to clear its inventory.
The new ERP system is part of a global IT project at Cadbury called Probe which is looking for £50m in annual savings.
The chocolate maker also blamed high oil prices for its problems – forecasts were made on the basis of $60 a barrel rather than $70.
Cadbury’s results announcement here, or on silicon here. ®
(http://www.theregister.co.uk/2006/06/09/cadbury_loses_it/)
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manco i credits per la segnalazione. Fa’ il paio con la mia dimenticanza di qualche mese fa, perdonato! 😛