"A trend or evolution of spend management has developed ... called 'spend optimization.' What makes it different is that spend optimization begins where spend management ends."
How do you move beyond spend management (controlling spend) to spend optimization (creating a culture of savings)? In this Analyst Brief, the Aberdeen Group provides data from best-in-class procurement organizations on factors that can elevate procurement to a strategic role in the organization including:
The brief concludes with five specific, actionable recommendations.
An Aberdeen Group Analyst Insight
Lessons from Best-in-Class Procurement Organizations
Creating a Culture of Spend Optimization