We have had so many discussions regarding COST AVOIDANCE vs COST SAVINGS that we decided to write a blog about it to clarify the concepts.
First, we’ll look at Cost Savings definition, then Cost Avoidance definition and then a comparison of the two concepts. We’ll use the graphic below to illustrate, and we’ll deal in apples because that analogy seems to work (apple examples also helps when using our comparisons, that is, apples to apples – the old fashioned kind). [Read more…] about Cost Avoidance versus Cost Savings: An Apples to Apples Comparison