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Spend Management

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ALSO CALLED: Enterprise Spend Management, ESM, Spend Analysis
DEFINITION: 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  … 
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Spend ManagementMultimedia (View All Report Types)
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Video - Andrew Bartolini on Collaborative Sourcing
sponsored by Ariba, Inc.
VIDEOCAST: Ardent Partners analyst and CPO Rising author, Andrew Bartolini, shares his insights into successful buyer/seller collaboration and supply chain sourcing.
Posted: 22 Dec 2011 | Premiered: Dec 22, 2011

Ariba, Inc.
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SPEND MANAGEMENT DEFINITION (continued): … 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.
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