Managed Spend definition

Managed Spend means the total fees and charges paid to third party suppliers that is processed through the P2P platform by IBM, excluding spend associated with Pass Through Processing. Managed Spend is measured as the dollar value of purchased goods and services authorized for payment using the P2P system (excluding Pass Through Processing), and will be reported monthly from the P2P Business Warehouse system. Confidential to Solectron and IBM * Omitted and filed separately with the SEC pursuant to a confidential treatment request
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Managed Spend represents the category of services that Provider does not have control of spend levels, but manages service delivery. The Managed Spend is not subject to Guaranteed Savings, and are excluded from Cost Baselines. The Managed Spend expenses can be incurred either under a Provider PO or a Company PO. The Managed Spend items shall be specifically identified in the Cost Baselines. Management Fee for Managed Spend shall be calculated and paid to Provider in accordance with the terms of the Agreement.
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Examples of Managed Spend in a sentence

  • As holder of a Managed Spend PCard, I agree to accept the responsibility for the protection and proper use of this card.

  • The Managed Spend PCard is limited to a total expenditure for the fiscal year listed below and will be declined once the limit is reached.

  • Program Project This Managed Spend PCard can be used with the following approved vendors or services.

  • The Managed Spend PCard is limited to a total expenditure for the Fiscal Year Limit listed below and will be declined once the limit is reached.

  • The Volume Adjustment Rate specified in the Pricing Tables is expressed as a percentage of Managed Spend and is used to calculate the variable P2P Operations charge on a monthly basis.

  • The unit of measure used to calculate the P2P Operations Volume Baseline and variable charge is the Managed Spend, which is a single global Volume Baseline for all countries, as shown in the Pricing Tables.

  • The Parties agree to include P2P Operations Services for The Netherlands, India, Indonesia and Puerto Rico within the scope of the P2P Operations Services for an additional P2P Operations charge not exceeding [*] in the aggregate for all of those locations, assuming a go-live date of April 2007 and Managed Spend of [*] per year.

  • Program Project This Managed Spend PCard can be used with the following Foundation Funds.

  • If, during any month, the Managed Spend exceeds [*] of, or is less than [*] of, the P2P Operations Volume Baseline, and is expected to continue outside the Volume Band for at least 90 days, the Parties shall negotiate in good faith regarding an equitable adjustment to the Volume Adjustment Rate.

Related to Managed Spend

  • Managed care entity means either a managed care organization licensed by the department of insurance (e.g., HMO or PHP) or a primary care case management program (i.e., MediPASS).

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Manager has the meaning set forth in 2.1.

  • Management Entity means the community developmental disability program or private corporation that operates the regional crisis diversion program, including acting as the fiscal agent for regional crisis diversion funds and resources.

  • Franchisee means a person to whom a franchise is granted.