| 释义 |
spend management spend management A systematic attempt to optimize a company’s spending by achieving best value for money in every area of its expenditure. This is to be distinguished from simple cost cutting, which often achieves only short-term benefits. Spend management begins with an analysis of current spending behaviour and develops a strategic approach integrating such areas as sourcing, procurement, contract management, supply-chain logistics, and a company’s invoicing and payment processes. Specialized software is now available. |