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Spend management is a crucial aspect of overseeing corporate purchasing
comprehensively. Its primary goals are to maximize value, minimize risks, and
optimize the total cost of ownership. Effective spend management is essential
for organizations aiming to reduce costs and improve operational efficiency
while enhancing overall financial health. By employing key strategies and best
practices, organizations can leverage technology and data analytics to achieve
sustainable cost savings.
https://www.icpx.ai/pdf/icpx-whitepaper-3.pdf