Difference between revisions 573611107 and 574125805 on enwiki

{{notability|date=September 2013}}
{{copypaste|url=http://www.cost-containment.com/CCS_PDFs/WhatisSpendMgmt.pdf|date=September 2013}}
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'''Spend Management''' is a business function in which businesses gain visibility, establish controls - comprnsisting 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(contracted; show full)  | isbn = 1-932159-93-2}}

==References==
{{Reflist}}

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