Implementing a Zero-Based Budgeting (ZBB) Approach for Cost Efficiency
Introduction Zero-Based Budgeting (ZBB) is a strategic financial planning approach where every expense must be justified from scratch for each financial period, rather than relying on past budgets. This method ensures that resources are allocated based on necessity and business priorities, eliminating inefficiencies and redundant expenditures. This document explores the benefits of ZBB, its cost-saving […]