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‫Let's take a look at an example of how one well-known company uses zero based budgeting Walgreens is

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‫a global leader in retail pharmacy, impacting millions of lives each day through dispensing medicine.

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‫If you live in other regions of the U.S., you may know them by another name, such as Duane Reade or

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‫Boots in the United Kingdom.

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‫I'm sure you have one in your neighborhood or within a three mile radius at the corner of happy and

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‫healthy. Walgreens announced in 2018 eighteen plans to cut at least $1 billion in annual costs within

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‫three years while using technology to address changes and how consumers shop and finding more ways to

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‫draw customers into stores alongside zero based budgeting.

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‫The cost cutting included some warehouse consolidations and store closings of Walgreens Boots Alliance,

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‫Walgreens strategized their cost review structure over a six week period to adopt the zero based budgeting

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‫concept.

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‫The tool, which is used by consumer product companies to more closely justify all corporate spending.

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‫Walgreens also announced the roll out of the savings programs immediately after the 2018 assessment

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‫was complete. With cuts to travel and spending on consumer services over this three year period of

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‫budget transformation.

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‫Walgreens was able to meet their goal of cutting at least one billion in cost by implementing zero based

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‫budgeting.