Do your modernization initiatives rely on discretionary budgeting, or strategic budgeting?
Discretionary budgeting13%
Strategic budgeting71%
A combination of discretionary & strategic budgeting15%
Other (please explain in the comments)
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Director in Manufacturinga year ago
It’s definitely strategic however in a downturn it usually has the largest % reduction first and from my experience doesn’t snap back during recovery as fast as it was reduced