What exactly is meant by the term "budget" in procurement context?

The purchasing budget is the projected procurement volume for a certain purchasing category related to given planning periods.

SpendControl 2018
SpendControl is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis.

With its standardized ERP interfaces you can connect the spend cube of SpendControl within a short time frame to any ERP system (e.g. SAP, Navision, Oracle etc.).
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Orpheus Blog

Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.

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