👉 Spending engineering is a strategic process used in business and finance to manage and optimize the allocation of financial resources. It involves analyzing, planning, and controlling expenditures to maximize value and efficiency while achieving organizational goals. This process includes setting budgets, forecasting expenses, identifying cost-saving opportunities, and monitoring spending against planned targets to ensure resources are used effectively. By employing sophisticated tools and techniques, spending engineering helps organizations maintain financial discipline, enhance profitability, and support long-term strategic objectives.
