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- Spend_management abstract "Spend Management is a business function in which businesses gain visibility, establish controls - consisting of system controls and organisation policies, in order to manage their business spend. The function involves managing the full lifecycle - from Sourcing and selecting the suppliers, establishing contracts, purchasing and managing payments to suppliers. The objective of this business function is to ultimately reduce operating and other costs associated with doing business. These costs typically show up as "operating costs" or SG&A (Selling, General and Administrative) costs, but can also be found in other areas and in other members of the supply chain.Whether it is the money spent on goods or services for direct inputs (raw goods and materials used in the manufacture of products), indirect material (office supplies and other expenses that do not go into a finished product), or services (temporary and contract labor, print services, etc.), a company needs a mechanism by which they are not only able to save money but also control costs.Spend Management is meant to represent a holistic view of the activities involved in the "source-to-settle" process. This process includes spend analysis, sourcing, procurement, receiving, payment settlement and management of accounts payable and general ledger accounts.In an enterprise, spend management is managing how to spend money to best effect in order to build products and services. The term is intended to encompass such processes as outsourcing, procurement, e-procurement, and supply chain management. Since the "spend manager" could have a significant impact on a company's results, it has been advocated that this manager have a senior voice in running the company.".
- Spend_management wikiPageExternalLink www.jcatalog.com.
- Spend_management wikiPageExternalLink overview.
- Spend_management wikiPageExternalLink www.sievo.com.
- Spend_management wikiPageExternalLink www.spendmanagement.com.
- Spend_management wikiPageExternalLink www.spendsolutions.co.uk.
- Spend_management wikiPageID "33696259".
- Spend_management wikiPageRevisionID "602377124".
- Spend_management date "September 2013".
- Spend_management hasPhotoCollection Spend_management.
- Spend_management url "http://www.cost-containment.com/CCS_PDFs/WhatisSpendMgmt.pdf".
- Spend_management subject Category:Management_accounting.
- Spend_management subject Category:Procurement.
- Spend_management subject Category:Supply_chain_management.
- Spend_management comment "Spend Management is a business function in which businesses gain visibility, establish controls - consisting of system controls and organisation policies, in order to manage their business spend. The function involves managing the full lifecycle - from Sourcing and selecting the suppliers, establishing contracts, purchasing and managing payments to suppliers. The objective of this business function is to ultimately reduce operating and other costs associated with doing business.".
- Spend_management label "Spend management".
- Spend_management sameAs m.01hgcj.
- Spend_management sameAs Q7576280.
- Spend_management sameAs Q7576280.
- Spend_management wasDerivedFrom Spend_management?oldid=602377124.
- Spend_management isPrimaryTopicOf Spend_management.