What does Initiative Management mean in procurement context?
Initiative management involves the planning, management, and measuring of (strategic) procurement projects. Purchasers can define projects, initiatives, and actions, provide activities for achieving them and initiatives with target values for key indicators (e.g. targeted savings).
Based on a multilevel process for the degree of implementation , initiatives can be updated and (measured with probabilities) success can be measured.
In addition to the term "initatives" the following terms are often used: procurement initiatives, purchasing initiatives, procurement projects, purchasing projects
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Here you will find important terms related to spend management explained in a clear way. Small knowledge base for quick information or in full for your further education. This controlling glossary is constantly being expanded and improved.
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