Spend Analytics Basics: Analyze Your Spend in 4 Steps
All Procurement professionals should be familiar with spend analysis since it provides the basic insight necessary for establishing and maintaining a strategic Procurement organization.
The spend analysis process produces the core data and insights that you need to effectively manage and source categories. Following the four-step process will lead you to quick, insightful results. To familiarize you with the process, this whitepaper lays out the four steps for analyzing spend and gives direction for implementing more advanced techniques.