Spend Management Concepts

There are many companies preaching spend management these days.  Most, if not all, are trying to sell you their software.

Managing spend frequently ends with a software application to support managing spend, but it usually is not a good place to start.

To start effectively managing spend, there are a few high points to consider:

• What are we trying to accomplish?
• What should we expect from spend management?
• Who needs to own spend management?
• Who measures the success of these programs?
• Are we organized for success?
• How do we start?
• How long does it take?