Performing a spend analysis is an indispensable cost-saving component in any business. In this blog, let's understand 7 step process for conducting an efficient Spend Analysis.
Spend analysis is one of the most versatile analyses in a procurement organization offering several key benefits. In this blog, we are going to throw some light on the most common benefits of spend analysis.
Procurement spend analysis is the practice of scrutinising current & historic expenditure from a procurement perspective to proactively identify savings opportunities, manage risks & optimize the organization’s buying power.