TWS Partners’ Post

Are you and your procurement team facing obstacles in achieving ambitious cost saving targets in today’s economic environment? You’re not alone! As highlighted in our TWS Cost Down Survey: • 71% of participating companies reported 𝐦𝐨𝐫𝐞 𝐚𝐦𝐛𝐢𝐭𝐢𝐨𝐮𝐬 𝐜𝐨𝐬𝐭-𝐬𝐚𝐯𝐢𝐧𝐠 𝐭𝐚𝐫𝐠𝐞𝐭𝐬 for 2024 compared with 2023 • 80% of these companies are implementing or plan to implement cost down programmes but 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐬𝐞𝐯𝐞𝐫𝐞 𝐩𝐮𝐬𝐡𝐛𝐚𝐜𝐤𝐬. • Holistic and 𝐠𝐚𝐦𝐞-𝐭𝐡𝐞𝐨𝐫𝐲 𝐝𝐫𝐢𝐯𝐞𝐧 𝐜𝐨𝐬𝐭 𝐝𝐨𝐰𝐧 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡𝐞𝐬 remain rare but are gaining traction in today’s volatile and uncertain landscape. Do you want to learn how to leverage game theory and behavioural economics to realise effective and sustainable cost reductions? → Register here for our TWS Cost down training: https://lnkd.in/dBaCy5Y9 #procurement #savingstargets #costreduction #gametheory #behaviouraleconomics

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