The term "spend management" refers to the ongoing process of limiting expenses to minimum levels.

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Spend management is the process of controlling and optimizing an organization's spending to ensure that it is aligned with the organization's goals and objectives. It involves activities such as budgeting, forecasting, procurement, and expense management. The goal of spend management is to reduce costs, improve efficiency, and increase compliance.

The Term "Spend Management" Refers to the Ongoing Process of Limiting