What belongs to "Cost Reduction"?
Cost reductions have direct impacts on the profit and loss statement of a company. In procurement, cost reductions can be organized in various savings categories.
We principally differentiate between:
- historical savings
- budget savings
- technical savings
InitiativeTracker 2020
InitiativeTracker is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define savings targets, assign responsible staff members or teams to initiatives, determine sourcing levers, set activities and milestones, as well as monitor and analyze them easily by using innovative visualizations and dashboards.
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Orpheus Blog
Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.
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