Maverick spend is purchasing that happens outside contracted supplier arrangements. It typically pays higher prices than the contracted rate, misses out on rebate structures, and undermines the negotiated economics of the supplier portfolio.
Why maverick spend happens
Employees buying from non-contracted vendors because they were faster, cheaper on paper, or previously used. Sometimes because the contracted supplier's process is too slow. Root causes are typically operational, not disciplinary.
The measurement approach
Contract-aware spend analytics identifies invoices from vendors that either lack a contract or from contracted vendors at non-contracted rates. Converting maverick spend into managed spend is one of the fastest procurement wins.
