THOUGHT FOR THE DAY

Expenditure

"The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application." - Miguel de Cervantes

TOPIC OF THE DAY

Spend management

Spend management is the way in which companies control and optimize the money they spend. It involves cutting operating and other costs associated with doing business. These costs typically show up as "operating costs" or SG&A (Selling, General and Administrative) costs, but can also be found in other areas and in other members of the supply chain.

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