Optimize Savings and Strengthen Value Creation in an Inflation-Driven Economy

Cost savings remain the top priority for procurement executives, according to The Hackett Group, with nine out of ten organizations implementing cost-cutting plans, per Gartner. Yet most organizations admit they cannot execute these plans effectively – held back by siloed data, supply chain volatility, hidden costs, and rising ESG reporting requirements.

This eBook outlines a practical, CFO-ready framework for improving financial performance through smarter investment, deeper supplier collaboration, and targeted automation. It demonstrates how companies can turn cost pressure into strategic advantage – even in inflationary conditions.

Key Insights

• Less than one-third of organizations believe they can meet their cost-reduction targets due to data fragmentation and internal barriers.

• 66% of executives plan to increase their number of suppliers to balance cost, resilience, and quality.

• Companies face more than 600 ESG frameworks globally, making automated compliance essential for risk and cost control.

• KONGSBERG Group achieved 14% year-on-year growth using JAGGAER’s digital procurement strategy, onboarding 8,500+ suppliers across 40 countries.

Discover the steps leading organizations are taking to reduce costs, improve efficiency, and build more resilient supply networks.