Cost Optimization

Cost optimization is a business-focused, continuous discipline to drive spending and cost reduction, while maximizing business value. It includes:

  • Obtaining the best pricing and terms for all business purchases
  • Standardizing, simplifying and rationalizing platforms, applications, processes and services
  • Automating and digitalizing IT and business operations[1]

See Also


  1. Definition - What Does Cost Optimization Mean? Gartner