An effective cost-management program can provide a powerful defense against economic and other uncertainties that continue to disrupt procurement’s mission. The challenge for many CPOs is balancing the demand for growth and innovation with the need for tactical cost reductions.
This WBR-GEP webcast — Taming Costs: How to Achieve Rapid and Sustainable Results — features GEP’s Todd Bremer, vice president of consulting, who shares a plan for implementing a robust, sustainable cost-management program. This blueprint can deliver rapid results to contain costs now while also ensuring positive outcomes in the long term.
Bremer reveals the cost-containment strategies that procurement should focus on in the new normal and the true value of a well-implemented strategic cost-management program. Plus, he outlines the need to go beyond cost-saving metrics, make ESG part of your DNA and rethink your workforce.
Key Discussion Points:
- Developing a “single source of truth” that provides clear links between costs and business activities
- Implementing a governance framework where budget owners are empowered to manage resources
- Examining the role of capital expenditures in cost management
Theme: Strategy and Planning
