My Account Conferences About Newsroom Careers Insights Expert Guidance Tools Connect with Peers Become a Client or call +44 (0) 33 3130 6809 Drive business performance with strategic cost optimization Identify where to reduce, protect and invest to drive growth and efficiency Download the Cost Optimization Guide Work Email Continue By clicking the "Continue" button, you are agreeing to the Gartner Terms of Use and Privacy Policy. Discover 3 keys to manage your organization’s costs Despite overwhelming evidence that effective cost management supports enterprise performance, more than 50% of organizations have yet to establish clear measures of success for their strategic cost initiatives. Download our guide to learn how you can accelerate business performance by focusing on the three key pillars of strategic cost management: Define clear measures of success Adopt a consistent framework Leverage cross functional collaboration Strategic cost optimization delivers on costs and growth simultaneously Gartner research shows that leading companies take a proactive and strategic approach to cost optimization — strategically cutting cost while funding new growth at the bottom of the business cycle. This approach equips leaders to sustain through uncertainty and disruption of crises like the COVID-19 pandemic. A cost management framework to prioritize investments The Gartner Cost Optimization Decision Framework helps you prioritize cost optimization opportunities by value, not just the potential to reduce spending. Use this framework to: Create a prioritized list of your most promising cost optimization opportunities Assess the level of impact of your cost plans across key decision factors/criteria Evaluate the trade-offs between the benefits, costs, risks, and viability of different cost control initiatives Map cost reductions on a simple grid to show the trade-offs and help build buy-in for your cost reduction strategy. Download the cost optimization framework for your function Finance HR Information Technology Marketing Public Sector IT Sales Customer Service & Support Supply Chain Additional cost optimization questions Gartner can help answer What is cost optimization? Why is cost optimization important? What is the difference between cost reduction and cost optimization? How to drive cost optimization across the enterprise? Gartner is a trusted advisor and an objective resource for more than 14,000 enterprises in 100+ countries. Learn more about how we can help you achieve your most critical priorities. Become a Client About Gartner Who We Are About Us Corporate Responsibility Investor Relations Newsroom What We Do Research & Advisory Conferences Consulting Digital Markets Get in Touch Contact Contact Us Become a Client Office Locations Technical Support Careers Why Gartner Search Careers Our Culture Careers Blog Latest Insights Resources Glossary Blog Smarter With Gartner COVID-19 POLICIES PRIVACY POLICY TERMS OF USE OMBUDS ©2021 Gartner, Inc. and/or its affiliates. All rights reserved. Your privacy is important to us By clicking “Accept all,” you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our marketing efforts. To learn more, visit our Privacy Policy and Cookie Notice. Customize Accept all