A manager that is able to reduce a company's purchasing costs by 10% is likely practicing which function?

Question

Quizplus · Accepted Answer

Spend management focuses on controlling and reducing a company's spending, including purchasing costs. A manager who is able to reduce a company's purchasing costs by 10% is likely practicing spend management. Yield management is a pricing strategy, cross-function management involves coordinating different departments within a company, and revenue management focuses on maximizing revenue.

A Manager That Is Able to Reduce a Company's Purchasing