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Old 12-12-2012, 02:25 PM
159065
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Default Senior Manager Corporate Procurement

We utilize the same definitions that were noted in the 11/30 post and title it Cost Reductions. We tend to exclude savings and/or avoidances that are not concrete and quantifable. We track current year savings to budget and then we also track the annualized savings and avoidance.

Tracking current year savings to budget was the only way to get the CFO onboard!
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