MTD (Month-To-Date)

MTD, or Month-to-Date, is a procurement term used to describe the timeframe for which data will be tracked. Specifically, it refers to the period of time beginning at the start of the current calendar month and ending at the present date. As such, it allows procurers to assess and compare spending against budgeted targets more accurately and efficiently. This metric is commonly used for forecasting cash flows and performance metrics in addition to tracking expenses and other vital information across a given timeline. By leveraging MTD in their operations, businesses can make better-informed decisions while managing their resources in a cost-effective manner.