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What is zero-based budgeting?

IBM Business Partners

Enhanced Efficiency: ZBB encourages resource reallocation towards high-impact activities. By evaluating expenses based on their value and alignment with strategic objectives, ZBB ensures that resources are allocated to areas that generate the highest return on investment.

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11 Cost Reduction Strategies in Procurement

Obobo

Leverage technology solutions to automate procurement procedures , improve compliance, and reduce costs. Implement E-Procurement: Automating the procurement process can eliminate paper-based processes, reduce cycle time and increase visibility into the procurement process.