Monday, 26 November 2012
Spend Management: Sorting Out and Leveraging Your Spend Data
Organizations have been moving towards more effective spend management. Spend management is effectively cost management, which involves allocating your resources in a way that maximizes the output you produce given your level of input (costs). As such, cost management does not mean spending as little as possible, but rather means spending the appropriate amount to maximize the profit that you make from your company.
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