Strategies for Cost Savings

Procurement/SCM leaders consider enhancing supplier collaboration and partnerships, along with refining category management strategies to be strategically important for future cost savings. These are closely followed by adoption of emerging technologies and expanding cross-functional collaboration within the organization. Using these strategies can unlock significant cost-saving opportunities, boost operational efficiency, and contribute to overall organizational success. Members can access Cost Savings Management Best Practices in the CAPS Library to see the full report.

CAPS is currently researching "Designing Anti-fragile Supply Chains in a Geopolitically Uncertain World." For a small time commitment of 30-60 minutes, you can participate in this study and receive a copy of the report to uncover innovative strategies that organizations use to thrive in challenging environments. Learn more and sign up to participate in the study HERE.