From Cost Cutting, to Cost Optimising

With economic uncertainty continuing to hang in the minds of senior business leaders, the pressure to scrutinise cost structures and — in some cases — make fast, cost-cutting decisions to meet targets increases too. While there is reason to be pragmatic, this report by Cognizant delves into the importance of not solely focusing on cost cutting, but cost optimisation to maximise both long and short-term value.

Key takeaways include:

• Strategic Cost Optimisation (SCO) is essential to manage cost efficiencies while boosting business performance and remaining competitive.
• When adopting a new platform enterprise for your business, it would be wise to measure a full assessment of cost-saving opportunities and prioritising them against time to savings.
• SCO is critical for all business organisations striving to be efficient and cutting edge.