Analysis of cost-saving strategies and their impact on procurement expenses.
Report Period: Q3 2024
Total Savings (ZAR): 75,000
Strategies Implemented: Bulk Purchasing, Supplier Negotiations, Alternative Sourcing
| Strategy | Description | Original Cost (ZAR) | Reduced Cost (ZAR) | Savings (ZAR) |
|---|---|---|---|---|
| Bulk Purchasing | Discounts received on large orders for office supplies. | 150,000 | 130,000 | 20,000 |
| Supplier Negotiations | Price adjustments after renegotiating contracts. | 200,000 | 175,000 | 25,000 |
| Alternative Sourcing | Found cost-effective suppliers for electronic components. | 100,000 | 70,000 | 30,000 |