We are advancing operational excellence to boost efficiencies and enhance margins. The resulting operating cash flow enables us to reinvest for growth, provides strategic flexibility and strengthens our balance sheet.
When we launched Cost2Compete, our strategic two-year cost-saving program in 2024, our goal was $50 million in annual run-rate savings by the end of 2025. Through coordinated efforts across the organization, we surpassed this goal by nearly 20%, culminating in $59 million in run-rate savings.
This accomplishment reflects our unwavering commitment to operational excellence and disciplined cost management across the organization. Through process optimization, waste reduction, strategic technology utilization and driving continuous improvement initiatives, we have achieved significant cost savings.
Among our many Cost2Compete efforts, we deployed AI and machine learning to unlock capacity across our manufacturing facilities. The predictive power of these tools has led to better production planning, lower production costs and reduced inventory.
The strength of our long-term partnerships ensure our ability to provide high quality ingredients with traceability from seed to shelf. This, in turn, enhances supply chain reliability and efficiency enabling agile responses to evolving customer demands.
This year, Ingredion hosted our first-ever Supplier Day, bringing together representatives from 30 suppliers with our procurement team and executive leadership to foster shared value creation. We shared our future plans, explored ways to keep these relationships strong and committed to collaborate with our suppliers.