How can I measure a company's compliance?
The English term “compliance” refers to legal compliance and indicates the adherence to given rules and guidelines. Compliance regulations vary in each company. Typical compliance indicators relevant to purchasing are, e.g.
- the maverick buying rate,
- the use of framework agreements
- or the use of given payment terms compliant to the rules.
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.