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spend management

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- In an enterprise, spend management is managing how to spend money to best effect in order to build products and services. The term is intended to encompass such processes as outsourcing, procurement, e-procurement, and supply chain management. Since the "spend manager" could have a significant impact on a company's results, it has been advocated that this manager have a senior voice in running the company.

Ariba is considered the leader in selling software for spend management. It says that its Enterprise Spend Management (TM) Suite encompasses analysis, sourcing, buying, contracting, invoicing, and managing the workforce.

LAST UPDATED:

22 Jun 2003

Read more about spend management:

-	IT Week mentions spend management in an article, "E-sourcing model matures."
-	Ariba's home page describes its Enterprise Spend Management Suite.
-	SearchCIO provides annotated links to a number of articles about supply chain management.

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