In the context of Spend Management, “damage control” is any corrective activity that occurs after an unwanted event that would have been avoided with a formal purchasing process.
SpendMap empowers clients to implement Spend Management best practices to manage spending with a high level of visibility, predictability and control.
Some common examples of Damage Control…
- Paying higher prices for off-contract “maverick” purchasing is damage control.
- “Approving” invoices after the goods have already been purchased and received is damage control.
- Waiting for an anxious end-user to call the Purchasing Department before chasing down a late order is damage control.
- Waiting for an unwanted purchase to show up on an expense reimbursement report is damage control.
- Waiting for an invoice to hit your GL to find out you’re over budget is damage control.
- Waiting until you’ve run out of stock to place a rush order and paying for expedited delivery is damage control.
- A lack of proactive Spend Management that negatively affects your business and impacts your bottom line is damage control.