Definition
The practice of overseeing and optimizing company expenditures on goods and services, incorporating processes like outsourcing, procurement, and supply chain management.
Learn more about Spend Management
One-third of C-suite executives lack confidence in procurement’s ability to control costs and spend management, but a new survey finds that is changing.
Chief procurement officers face challenges in securing materials and supplies in a volatile supply chain yet still controlling that spending.
By implementing digital solutions, Cirque du Soleil has embraced a more agile and efficient approach to procurement, positioning itself for a bright future with long-term growth.
Supply chain organizations are always looking for greater visibility into spending. Leaders are dedicating additional resources to spend management, which seeks to answer several questions related to spend analysis.
When the term cost control gets tossed around, it often means layoffs. But a strategic approach to controlling costs is more effective and can often strengthen organizations, argues Boston Consulting Group’s Laura Juliano.
Three-quarters of respondents to a SpendHQ survey said they don’t trust the data in their procurement process, leading to poor decision-making.
We all want to conserve working capital by extending payments. But here are five ways procurement can save money while paying suppliers.
Today, Coupa Software published the findings from its Business Spend Index (BSI), Q1 2021 Outlook.
The Q3 Outlook revealed that business spend sentiment recovered modestly (an increase of 9.6 percent), suggesting that while current confidence is still well below trend, businesses are showing early signs of optimism around the economic outlook.
Fraxion, a cloud-based procure-to-pay solution for business spend management, recently launched in North America following its merger with eRequester, with eRequester, a U.S. based e-procurement software suite provider.
