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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

These platforms are equipped with features like document management , supplier discovery, and automated workflows. – Reallocate resources Reallocating resources is an effective strategy for cost reduction in procurement.