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Spend Under Management
PROACTIS uses the term 'Spend Under Management' as much more
than just the traditional Procurement-only measurement (i.e. spend
'influenced' by procurement). We see it as an organisation-wide
measurement of spend that is truly 'under management' from
beginning to end, performed efficiently, and visible throughout. As
such it is a very meaningful measurement of the results from an
organisation's Spend Control efforts.
This organisation-wide view of Spend Under Management provides a
practical framework for identifying, executing and monitoring
performance of the activities that are key to realisation of
substantial savings. In addition, it clearly identifies the role
modern eProcurement systems play in enabling an organisation to
create savings opportunities in the Source-to-Contract cycle, then
capture those savings through an integrated Purchase-to-Pay
cycle.
To learn more, download our full range of Spend Under
Management guides