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Last edited 08 Apr 2021
The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms, defines maverick spend, or off-contract spend as: ‘Where local staff ignore existing contractual arrangements and purchase from other suppliers. This may be for fraudulent reasons, but most often it is simply because they believe they can get a better deal and do not understand the overall impact on the business’.
See also: Maverick buying.
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