What is Savings Tracking?

In the procurement landscape, the term €˜savings tracking' is the process of monitoring the savings realized through strategic sourcing and other cost-reduction initiatives adopted by the procurement organization. Through this process, stakeholders can be updated on the progress and results of various savings initiatives. Explore to learn more about GEP’s savings tracking software.

Related Terms

What is S2P?What is S2P Software?What is Savings Tracking Software?What is Selling, General and Administrative (SG&A)?What is Send Bidding?