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.