All 22 Vendor Management questions
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Accounts Payable & Receivable › Vendor Management

What is maverick (off-contract) spending and how is it controlled?

Intermediate

Answer

Maverick spend is buying outside agreed contracts or processes—missing negotiated prices and controls. It's controlled by mandating POs, catalog/preferred-supplier use, approval workflows, and spend analytics that flag off-contract purchases. Reducing it captures negotiated savings and improves compliance and matching.
Real-world example Spend analytics reveal 15% of purchases bypass contracts; enforcing catalog buying recovers negotiated discounts.

Common follow-ups: Why does maverick spend cost money? | What controls curb it?

Purchase Orders & 3-Way Matching Credit Control Vendor Management
All 22 Vendor Management questions