Strategic Cost Initiative or SCI
A new program SafeSourcing has launched with our partner KPM Enterprises is called Strategic Cost Initiative (SCI).This is a very extensive program that addresses all functional areas within a company by assigning cost champions in every area that focus on collecting analyzing and improving processes that impact cost. This program is typically sponsored at the CEO and CFO level and delivered by individuals with extensive financial backgrounds including CFO’s.
Strategic Cost Initiative (SCI) tools and deliverables include but are not limited to the following
1. Cost Reductions
2. Expense Analysis
3. Budget Effectiveness Review
4. Supplier Billing Analysis
5. Zero-Based Budgeting
6. Cost/Benefit Analysis
7. Detailed Tracking/Monitoring Procedures
If you have any questions regarding SCI or other Safesourcing deliverables listed in “SafeSourcing is great at eRFX execution, but what else do you do Part I, please contact a SafeSourcing customer services account manager.
We look forward to and appreciate your comments.