👉 Expenditure engineering is the strategic process of managing and optimizing an organization's spending to maximize efficiency, reduce costs, and enhance profitability. It involves analyzing current expenditure patterns, identifying areas for savings or cost reduction, and implementing measures to improve financial performance. This can include renegotiating contracts with suppliers, streamlining operations, adopting more cost-effective technologies, or reallocating resources to higher-value activities. By carefully planning and executing these changes, expenditure engineering aims to ensure that an organization's financial resources are utilized in the most effective manner possible, ultimately driving better business outcomes.
