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Cost Savings vs. Cost Avoidance

Una

Cost Savings vs. Cost Avoidance in Procurement Understand cost savings vs. cost avoidance in procurement and how each distinctly impacts an organization’s approach to cost management. It’s more like a cost avoidance.” You’re not alone.

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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to report and analyze indirect spend to identify savings opportunities. Why is Business Budgeting Important?

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Procurement Strategy: Optimizing Your Path to Success

NLPA (Next Level Purchasing Association)

This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships. Are you focused on cost reduction, innovation, sustainability, or a combination? Diversifying suppliers avoids a single point of failure. This reduced costs and fostered supplier innovation.

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The Importance of Cloud Storage in Supply Chain!

Supply Chain Game Changer

Related to connectivity is the fact that cloud computing does not require you to dedicate hardware resources for centralized storage. Cloud storage solutions also happen to be more cost-effective than traditional solutions. This helps cut infrastructure management and hardware maintenance costs. Easier Integration.

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Five Ways to Save on Your Company’s IT Costs

Una

Five Ways to Save on Your Company’s IT Costs. How to Save on IT Costs. Information technology costs begin with corporate strategy and where the business wants to head. You want to avoid your CEO saying in the fourth quarter, “why didn’t I know about this sooner?” . By Eric Edwards | September 27, 2022.

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Demand Management

Procurement Templates

Back in 1985 HBR wrote an article below: Scene 1: The executive committee meeting ends at 5:30 p.m. The costs and pain of changing computer suppliers have led to this pattern. Customers may gratefully accept the planning help today but, if switching costs are low, they may accept concessions from another source tomorrow.

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Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Planergy

Learn more We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. How to report and analyze indirect spend to identify savings opportunities. How to gain visibility and control of your indirect spend.

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