ZBB can act as a management tool for complete business transformation by focusing on the elementary components and freeing organization resources to strengthen its market position. It allows the organization to rework its operating structure across functions, geographies and business units in a more efficient and value focused way.
ZBB drives innovation and competitive advantage while optimizing costs and providing capital for growth. The objective of this budgeting tool is to control expenses and reduce unnecessary costs by allocating spend with company strategy and growth directions. ZBB helps achieve cost benefits using different levers for business transformation and its key success factors are:
Detailed visibility
Cultural shift
Shared accountability
