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Synonyms for EBM

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  1. expenditure behavior management

    expenditure behavior management “ebm” is an awareness driven decision-making practice in controlling business expenditures with an understanding of how the decision affects current and future operations. ebm is having a plan in place and followed on how expenses are decided upon, managed and monitored. it encompasses an ongoing sense of knowing the differences in the marketplace of the prices and quality available on the item or product being purchased, verifying delivery, as well as, price accurate to the purchase, and observing forward-minded conclusions where the outcome of decisions made and/or procedures put into place includes the understanding of how it may impact upon future revenue and profits.

    an example of ebm understands the demand or knows the necessity for an item or product within your marketplace or business, comparing pricing and quality across a broad field to select the best outcome, verifying the delivery along with the price is as expected, and the considered results upon procedural decisions made alongside expenses now and for the future against revenue and profit-building. the alternative to having an effective ebm process in place would be a failure of any one process in these procedures.

    Submitted by JimLop on November 19, 2019  

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