Cost-Saving Strategies for Zero-Based Budgeting (ZBB)
Introduction Zero-Based Budgeting (ZBB) is a financial management strategy that requires every department or unit within an organization to justify its entire budget from scratch (zero base) for each new budgeting period. Unlike traditional budgeting, where previous budgets are adjusted incrementally, ZBB starts from zero, meaning all expenses must be reviewed and approved, regardless of […]