Gartner Research

Tool: Cost-Saving Ideas to Optimize Your Spend Reduction Program

Published: 15 July 2020


Executive leaders should use this database to identify and prioritize high-potential cost-saving areas by using the degree of implementation difficulty and potential savings as criteria.


This article is adapted from which helps finance leaders identify and prioritize high-potential cost-saving areas by the degree of implementation difficulty and potential savings.

The ability to identify and prioritize cost-saving ideas is a critical component of the cost optimization process. As organizations expand and become more complex, executive leaders must facilitate their direct reports to cut costs, secure additional funding for innovation and ensure the organization meets its target margins.

Executive leaders should use this database of more than 1,000 cost-saving ideas to determine which cost-saving initiatives are right for their organizations and prioritize them according to the degree of implementation difficulty and potential savings.

The database can be used as a starting point for any organizationwide cost optimization initiatives. It can be particularly useful for teams and functions struggling to find their next target area.

Directions for Use

Use this database of more than 1,000 ideas across 12 areas to identify high-potential cost-saving areas. Sort ideas based on their degree of implementation difficulty and the potential savings they can provide, and then share them with your peers across the business.

Recommended by the Authors

Executive leaders must leverage Gartner’s decision framework to improve the outcome of cost optimization initiatives by expanding their analysis of proposed ideas. They must evaluate cost optimization initiatives on elements such as impact on the business, risk and the level of investment required.

Executive leaders may wish to take up several cost optimization initiatives, but not all yield the same benefits. This Tool helps executive leaders prioritize cost optimization initiatives by providing an objective, visual representation of initiatives to commence now versus those to delay.

Enterprises are under continuing pressure to cut costs and/or deliver more with fewer resources. Executive leaders should communicate a cost optimization roadmap to gain buy-in from their peers for evolving the enterprise’s cost management strategy and investments to drive improved business value.

Disclaimer: Unless otherwise marked for external use, the items in this Gartner Tool are for internal noncommercial use by the licensed Gartner client. The materials contained in this Tool may not be repackaged or resold. Gartner makes no representations or warranties as to the suitability of this Tool for any particular purpose, and disclaims all liabilities for any damages, whether direct, consequential, incidental or special, arising out of the use of or inability to use this material or the information provided herein.

Analyst(s): CIO Research Team

Access Research

Already a Gartner client?

To view this research and much more, become a client.

Speak with a Gartner specialist to learn how you can access peer and practitioner research backed by proprietary data, insights, advice and tools to help you achieve stronger performance.

By clicking the "Continue" button, you are agreeing to the Gartner Terms of Use and Privacy Policy.

Gartner research: Trusted insight for executives and their teams

What is Gartner research?

Gartner research, which includes in-depth proprietary studies, peer and industry best practices, trend analysis and quantitative modeling, enables us to offer innovative approaches that can help you drive stronger, more sustainable business performance.

Gartner research is unique, thanks to:

Independence and objectivity

Our independence as a research firm enables our experts to provide unbiased advice you can trust.

Actionable insights

Not only is Gartner research unbiased, it also contains key take-aways and recommendations for impactful next steps.

Proprietary methodologies

Our research practices and procedures distill large volumes of data into clear, precise recommendations.

Gartner research is just one of our many offerings.

We provide actionable, objective insight to help organizations make smarter, faster decisions to stay ahead of disruption and accelerate growth.

Tap into our experts

We offer one-on-one guidance tailored to your mission-critical priorities.

Pick the right tools and providers

We work with you to select the best-fit providers and tools, so you avoid the costly repercussions of a poor decision.

Create a network

Connect directly with peers to discuss common issues and initiatives and accelerate, validate and solidify your strategy.

Experience Information Technology conferences

Join your peers for the unveiling of the latest insights at Gartner conferences.

©2022 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.