Each year, procurement practitioners say it’s getting harder and harder to meet savings targets, as most hard savings have been negotiated out in the past 5 years. This session will discuss how to use innovative techniques to succeed in procurement’s most valued metric.

•Have savings targets become outdated?

•Forcing savings by building them into the budget

•Will sharing savings targets encourage better attention to costs?

•Can cost avoidance ultimately lead to real savings?

•Using spend visibility and analysis tools to reduce suppliers and capture additional savings

•Standardizing processes across the enterprise to reduce inefficiencies and capture savings