Difference between revisions 573422997 and 573611107 on enwiki

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{{copypaste|url=http://www.cost-containment.com/CCS_PDFs/WhatisSpendMgmt.pdf|date=September 2013}}
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'''Spend mManagement''' is the way in which companiesa business function in which businesses gain visibility, establish controls - comprising of system controls and optimize the money they spend. It involves cuttingrganisation 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.

(contracted; show full)
Some of the newer spend management solutions are
* [http://www.orpheus-it.com/spend-management/overview Orpheus - SpendControl for spend analytics]
* [http://www.spendsolutions.co.uk/ Spend Solutions]
* [http://www.jcatalog.com/ JCatalog]
* [http://www.spendmanagement.com/ SpendManagement.com]
⏎
* Ariba.com
* Coupa.com
* Oracle iProcurement
* Basware
* Emptoris

These tools promise, not only to automate paper intensive and manual processes, but also to help monitor and control spending activity and to create an integrated process in which each activity feeds into another.

== How spend management saves money ==

(contracted; show full)  | isbn = 1-932159-93-2}}

==References==
{{Reflist}}

[[Category:Management accounting]]
[[Category:Procurement]]
[[Category:Supply chain management]]