Spend management is typically a review of what money is being spent both from a planning and a strategy standpoint. Risk analysis is tied to the spend in terms of the spend at risk from economic and political conditions and changes in products and even in supply base constraints.
Goals and Objectives
Automated real-time spend updates provide alerts and suggested actions to mitigate spend, risk, and inventory exposure.
Enterprise hardware, personal devices, cloud, big data and analytics, mobile, applications, connectivity services, cognitive, next-generation security
Use Case Summary
Proactive spend management and risk analysis is automated, real-time guidance and advice to increase or reduce spend and to limit exposure in inventory, in purchases, and with the supply base.