Are you on track to achieve your in-year savings target?

Delivering in-year savings is vital to ensure organizations meet their profitability targets against budgets. However, circumstances often mean that businesses are over-budget halfway through the year, finding a need to claw it back.

Whatever the cause, failing to operate on the agreed budget can mean taking a hit to P&L and could ultimately affect both shareholder returns and company valuation and share price – meaning the delivery of incremental in-year savings is a crucial priority for most companies.

There are a number of approaches organizations can leverage to deliver in-year savings – from optimizing specifications and blocking non-essential demand to rapid commercial negotiations with suppliers. However, it can be difficult to know where to start.  

Below, you can access a range of material to support your journey – at whatever point, to achieve your savings target.

 

Contact us to discuss your in-year savings needs

Contact us to discuss your in-year savings needs

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Resources

In-Year Savings Guide

In-Year Savings Guide

With COVID-19 putting new, significant pressures on business profitability, delivering in-year savings has become even more vital to support business recovery, post-pandemic. Download our ‘In-year Savings Delivery Guide’ to learn how to accelerate in-year savings.

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In-Year Savings Assessment

In-Year Savings Assessment

Are you on track to achieve your target? Our 3-minute assessment will help you find out how your business is positioned to achieve target and the respective key actions to take to enhance your approach and yield the desired results, faster.

Take the survey
Achieving Quick Wins Through In-Year Savings

Achieving Quick Wins Through In-Year Savings

Sushank Agarwal, Principal at Efficio, spoke with Art of Procurement about the tactics that help maintain the delicate balance between delivering quick savings and preserving long term relationships with stakeholders and suppliers.

Listen to the podcast
Accelerating In-Year Savings Delivery

Accelerating In-Year Savings Delivery

In this webinar, Sushank Agarwal, Principal at Efficio will discuss how leading procurement organizations are addressing changing business requirements to deliver sourcing benefits faster through a range of approaches.

Watch the Webinar

How Efficio can help you

Cost Reduction Service

Cost Reduction Service

We help businesses reduce costs, improve internal processes and upskill their procurement teams so that they can realize these cost savings faster, autonomously.

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