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
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