Strategic Spending

Defensive Spending
Defensive spending refers to strategic expenditures by a company aimed at maintaining its market position and countering competitive threats. It is closely related to the concept of competitive parity.
Spend Management
Spend management is a strategic and systematic approach to optimizing a company's total expenditure to achieve the best value for money, integrating areas such as sourcing, procurement, contract management, and supply-chain logistics.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.