Why Procurement Savings Get Lost in Translation
Create a "closed-loop" system so that business unit leaders don't eat up all the savings before corporate leaders can decide what to do with the gains.
The Zero-Based Mindset
Starting from a “zero base” can reshape the customer portfolio, realign the organization, and unearth value in the supply chain.
Report Suggests a Shift in Cost-Reduction Mentality
Instead of saving on costs to support strategic growth initiatives, companies are now more likely to be saving to support transformation efforts.
Zero-based Budgeting Is Surging
More companies are biting the bullet and going through the painful process of realigning their culture to support a transformation to ZBB.
The ‘My Way’ Approach to Zero-Based Budgeting
CFOs can embrace a more innovative approach to budgeting without committing to the entire ZBB process.
‘Zero-based Supply Chain’ Drives Down COGS
ZBSC approaches can trigger COGS savings of up to 10% and a COGS-to-revenue ratio of up to 800 basis points, Accenture says.
CFOs Should Partner with Chief Procurement Officers
A strategic partnership between CFOs and chief procurement officers could uncover a wealth of value buried in your supplier spending.
The Many Myths of Budgeting Season
Separating budget fact from fiction is the key to getting the most out of the process.
Budgeting Inflexibility Cripples Bottom Line
Companies should vary the budgeting model used for particular business units and functions, research shows.
CEOs and CFOs Are Misaligned on Strategy, Growth
Can companies afford to have competing priorities in the C-suite?