Enterprise Cost Management (ECM)

Enterprise Cost Management techniques provide collaborative approaches to reducing costs. Through strategic ECM, companies are finding themselves able to align corporate strategy and functional area execution, allowing them to formalize goals, establish accountability metrics and tracking to ensure timely plan completion and drive external collaboration with multiple groups like partners and suppliers.
disciplined organizations to reap benefits such as:

• Structured approach to help manage cost
• Family-based sourcing strategies
• Visual depiction of Supply Chain, Engineering, Purchasing and Product Assembly
• Total Cost of Ownership (TCO)-based decision making
• Enhanced spend analytics accelerate analysis
• Risk sharing implementation structure