Expense Management

AOP Best Practice Hub

An introduction to...

Expense Management

Expense management is a critical value driver for procurement, but it also goes beyond simple price negotiations to include a comprehensive approach to value creation. When procurement implements cost management best practices like advanced spend and predictive analytics, collaboration with stakeholders and suppliers, and a sense of ownership over factors like quality and long-term sustainability, they can drive significant cost reductions while enhancing overall value for the business. 

Procurement achieves the best results when they embed a culture of cost consciousness throughout the organization and work in concert with the rest of the business to find innovative ways to reduce costs while maximizing impact and value. 

Featured Content

Featured Providers

Subscribe to our newsletter

Join procurement leaders from more than 6,000 companies who rely on our trusted, actionable insights to deliver critical business outcomes

Dig Deeper: