Why Nestlé Business Services Is a Game Changer for Companies

Why Nestlé Business Services Is a Game Changer for Companies

In the competitive business landscape of today, companies are always looking for ways to improve their efficiencies and streamline their operations. This is where Nestlé Business Services (NBS) comes in. NBS is a shared service organization that supports Nestlé’s global operations. It has been a game changer for companies, both big and small. In this article, we will discuss why NBS is a game changer for companies.

Introduction

NBS was established in 1997, and since then, it has been providing cost-effective and efficient services to Nestlé’s business units globally. NBS has over 12,000 employees across the globe, and it operates in 170 countries. NBS offers a wide range of services, including finance and accounting, HR, procurement, and IT. By leveraging economies of scale and standardizing processes, NBS enables Nestlé’s business units to focus on their core competencies and improve their performance.

The Benefits of NBS

NBS offers several benefits to companies. Let’s take a look at a few of them.

1. Cost Savings

One of the most significant benefits of NBS is cost savings. By leveraging economies of scale, NBS can provide services at a lower cost than if each business unit were to do it on its own. This translates into significant cost savings for Nestlé’s business units. For example, NBS has helped Nestlé’s business units save over CHF 1 billion in procurement costs since 2014.

2. Improved Efficiency

Another benefit of NBS is improved efficiency. By standardizing processes and leveraging technology, NBS can streamline its operations and reduce the time and effort required to perform tasks. This allows Nestlé’s business units to focus on their core competencies and improve their performance. For example, NBS has reduced the time it takes to process invoices from 40 days to 5 days.

3. Enhanced Quality

NBS also offers enhanced quality. By standardizing processes and providing training to its employees, NBS can ensure that its services meet the highest quality standards. This translates into higher quality services for Nestlé’s business units. For example, NBS has improved the accuracy of financial reporting by 98%.

NBS Case Studies

Let’s take a look at a few case studies that demonstrate the benefits of NBS.

1. Procurement

NBS’s procurement services have helped Nestlé’s business units save over CHF 1 billion since 2014. To achieve this, NBS has leveraged its global purchasing power and expertise in procurement. By negotiating better contracts and using standardized processes, NBS has helped Nestlé’s business units to reduce their procurement costs and improve their efficiencies.

2. Finance and Accounting

NBS’s finance and accounting services have improved the accuracy of financial reporting by 98%. To achieve this, NBS has standardized accounting processes and provided training to its employees. By doing so, it has been able to ensure the highest level of accuracy in financial reporting, which has helped Nestlé’s business units to make better business decisions.

3. HR

NBS’s HR services have helped Nestlé’s business units to improve their recruitment and retention processes. To achieve this, NBS has leveraged its global expertise in HR and used standardized processes. By doing so, it has been able to improve the quality of hires and reduce the time and effort required to fill vacancies.

Conclusion

In conclusion, NBS is a game changer for companies. It offers several benefits, including cost savings, improved efficiency, and enhanced quality. By leveraging economies of scale and standardizing processes, NBS enables Nestlé’s business units to focus on their core competencies and improve their performance. With over 20 years of experience, NBS has become a trusted partner for Nestlé’s business units globally.