Reporting Cost Savings and Avoidance

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      Hi all,

      How does your team go about reporting cost avoidance (soft savings) and cost savings (hard savings)? Do you have rules around the length of times savings and avoidance can be reported and how they are defined? Do you have any easy examples your organization uses to clearly illustrate what would fall under avoidance?

      I am also interested in learning more about what other procurement organizations are reporting on as it relates to KPIs outside of savings and avoidance. Any tips, tricks, or comments around best practices would be greatly appreciated as we look to build out updated reporting.

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