• The oboloo Team
• April 11, 2023
• Savings Management
• 0 Comments

Cost Savings vs Cost Avoidance: What’s the Difference? When it comes to controlling costs, the terms “cost saving” and “cost avoidance” are often used interchangeably. But, there is a distinct difference between these two cost-reduction strategies. Cost savings is the practice of reducing expenses; whereas cost avoidance seeks to reduce future or potential expenses. In this article, we will explore …