7 Ways to Reduce Costs as the Recession Eases

7 Ways to Reduce Costs as the Recession Eases

7 Ways to Reduce Costs as the Recession Eases

Gain visibility into spend, relationships and agreements by knowing your vendor mix and what technologies are being used by whom. Be aware of major vendor contract milestones, such as renewals and maintenance increases, well ahead of time.
Paring costs at the onset of a recession is easy compared to finding savings after months of budget cuts -- especially with the need to prepare the enterprise for future growth. "I'm alarmed by the number of IT organizations that can't justify many of their expenditures and vendor pricing," says Jeff Muscarella, a partner with spend-management firm NPI Financial. He offers these basic tactics to help "even the most time-deprived, short-staffed IT organization."

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