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Why spend analysis?

Although all leading procurement organisation works with spend analysis sometimes you hear people question why a spend analysis is even required to get a holistic view of an organisation’s expenditures. Here is why.

What is spend analysis?

Even though spend analysis as a concept has been around since the birth of strategic sourcing in the mid 1980s, the general knowledge of the topic remains low.  Many understand the big picture -spend has to do with the classification of expenditures, but fail to see the finer details…