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Strategic Cost Management


Glossar

What is Strategic Cost Management?

Strategic Cost Management is a systematic process geared towards reinforcing a company's strategic position by meticulous control of costs aligned with broader organizational objectives. This proactive practice involves the discerning separation of costs that contribute to building a company's strategic position from those that may potentially weaken it. Once identified, the focus is on reducing the latter category to optimize overall cost efficiency and effectiveness.

Learn more about Ivalua's Strategic Sourcing Solutions.

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