Savings Benchmark > Measurements beyond cost savings and avoidance
Mary Zampino
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Recently we asked the community to respond regarding a fundamental procurement measurement; savings. We wanted to know if people measured a ratio of hard savings to cost avoidance. We received some very insightful responses that SIG Members can view here.
We'd like to know more about your savings policies.
1. What other forms of value beyond hard savings and cost avoidance does your company track? For example, process efficiencies (e.g. reduction in headcount through implementation of automation) and revenue enablement opportunities.
2. Are these being tracked officially with reported targets? If not, how are they being managed?
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Recently we asked the community to respond regarding a fundamental procurement measurement; savings. We wanted to know if people measured a ratio of hard savings to cost avoidance. We received some very insightful responses that SIG Members can view here.
We'd like to know more about your savings policies.
1. What other forms of value beyond hard savings and cost avoidance does your company track? For example, process efficiencies (e.g. reduction in headcount through implementation of automation) and revenue enablement opportunities.
2. Are these being tracked officially with reported targets? If not, how are they being managed?
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