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What is zero-based budgeting?

IBM Business Partners

In this blog post, we will delve into the concept of zero-based budgeting, exploring its definition, advantages, disadvantages, implementation steps, and tools needed. The aim is to optimize resource allocation by ensuring funds are allocated to activities that align with strategic objectives and generate the highest value.

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11 Cost Reduction Strategies in Procurement

Obobo

In this blog post, we are going to examine 11 effective cost reduction strategies in procurement. Centralize purchasing to drive efficiency, streamline purchasing procedures, and minimize silos. Procurement teams can also use technology to manage purchasing more efficiently. Here are some of the top strategies that can help: 1.