PA says cost cutting FDs should fine-tune financial sourcing
- Full strategic sourcing won't secure significant, short-term cost benefits.
- Good housekeeping should identify areas where you can reduce the costs of your financial sourcing.
- Reduce and eliminate redundant demand.
It is a widely-held belief that financial sourcing disciplines provide techniques that can fine-tune the running of an organisation. However, developing and rolling out a full strategic sourcing plan will not secure you significant cost benefits in the short term. Cost benefits typically appear in the mid-term, says Simon Tennant, Head of PA Consulting Group’s Shared Services Consulting.
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