How to Drive Cost Optimization and Financial Benefit: The Formula

“Chief procurement officers (CPO’s) are under constant pressure to optimize their costs, often with limited resources.”

Not all cost reduction initiatives are worth the investment – as not all ideas hold the same value.

In this report, Gartner® defines the elements of a strategic decision framework needed to assist CPO’s in prioritizing their cost optimization opportunities.

A systematic approach considers several factors – such as the potential benefit, business impact, the time required and the degree of organization risk.

Creating a decision framework for your organization is just one of the many important steps.  Executing on that strategy is where most organizations need assistance.

Conduent offers a broad array of analytical services designed to find unseen working capital and deliver the optimization required.

In fact, our FastCap® Procurement Analytics and Recovery Solution has delivered over $69M in recoveries for our clients to date.  Learn more by speaking with one of our experts today.

Gartner®, How to Prioritize Procurement’s Cost Optimization Initiatives Using Gartner’s Decision Framework, 8 June 2022, By Miguel Cossio and Koray Kose
GARTNER® is a registered trademark and service mark of Gartner®, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.