How to leverage game theory for successful cost down
In times of a weak economy, disruptive markets, and increasing pressure from competitors, customers, and suppliers alike, reducing procurement costs is paramount. Unfortunately, conventional cost down programmes often fail to deliver the expected results, as they do not consider internal and external roadblocks like misaligned incentives and conflicting targets.
To support their clients, TWS Partners' consulting team developed the TWS Cost Down Approach powered by game theory. In a nutshell, the approach leverages insights from game theory to identify and overcome barriers to effective cost down and to ensure procurement, cross functions, and suppliers all work together to profit from a joint cost down programme.
Ultimately, the approach helps TWS Partners' clients to achieve above average savings and empowers procurement to become a driver of value and innovation in their company.
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