BUSINESS SPEND MANAGEMENT KPI'S FOR 2023

BUSINESS SPEND MANAGEMENT KPI'S FOR 2024

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WHAT'S INCLUDED IN THE GUIDE?
BUSINESS SPEND MANAGEMENT KPI'S FOR 2023

This guide has been created to help procurement professionals and business owners develop new ideas for managing their business spend KPI's

The information included in this guide includes:
• Cost avoidance as a KPI in spending management, focusing on the variance between target and actual procurement costs.
• The importance of understanding the budget allocation across different departments for better resource management.
• Emphasizes the need for a comprehensive analysis of digital marketing spending to optimize SEO and marketing practices.
• 'Rogue' purchases and advocates for strict adherence to spending guidelines to ensure fiscal responsibility.
• Financial impact of having numerous suppliers and recommends building strong relationships with key suppliers for additional benefits.

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