What is Maverick Buying?
Maverick buying represents the procurement of material or services without adhering to the compliance regulations of the company. Even today, large volumes are purchased outside of the procurement department. Typical examples for maverick buying definitions:
- Purchasing without the procurement department
- Purchasing without regarding the conditions of existing framework agreements
- Purchasing without complying with the procurement process
Spend Control 2021
Spend Control 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 Spend Control within a short time frame to any ERP system (e.g. SAP, Navision, Oracle etc.).
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.
Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.
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