Gartner Research

Bulletproof Procurement's Cost Savings Claims

Published: 21 September 2016

ID: G00386090

Analyst(s): Procurement Research Team

Summary

What steps can be taken to improve the credibility of Procurement's cost savings claims? Define a savings value verification process that engages business partners from project identification to savings capture, create an agreed upon set of value-reporting standards that business partners find conservative, rather than Procurement-defined guidelines and require non-Procurement signoff on estimated value created.

Table Of Contents

More Detail

Define a Savings Value Verification Process

Track Value Creation at Each Stage

Create Consensus on Value Reporting Standards

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