Remove Accounting Remove Collaborations Remove Flexibility Remove Resource Reallocation
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What is zero-based budgeting?

IBM Business Partners

The aim is to optimize resource allocation by ensuring funds are allocated to activities that align with strategic objectives and generate the highest value. Peter Pyhrr, an accountant and consultant, is credited with developing the concept of zero-based budgeting (ZBB) in the 1970s.

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11 Cost Reduction Strategies in Procurement

Obobo

By developing a good rapport with suppliers, you can create a more collaborative environment where both parties benefit. Be Flexible While it’s important to have a clear idea of what you are willing to pay, remaining flexible can often lead to better results.