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Take a Broader View of Enterprise Spend Control

This paper outlines a more useful view of Spend Under Management that goes beyond the traditional procurement-centric use of the term encompass an organisation-wide Spend Control process.
Take a Broader View of Enterprise Spend Control
 
 
In this first paper in a PROACTIS 3-part series on "Spend Under Management", we outline a more useful view of Spend Under Management that goes beyond the traditional procurement-centric use of the term to encompass an organisation-wide Spend Control process that addresses three key elements:
  • Integrated value creation and capture
  • The efficiency with which goods and services are purchased and paid for (cost of the process)
  • Management visibility of spend activity
We define six criteria for spend that is truly 'under management'. We also discuss why maximum bottom-line results are achieved only when all elements of an organisation's Source-to-Contract and Purchase-to-Pay processes are operating effectively and efficiently; and, most importantly, in integration with each other.
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