Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Spend Analysis”
  • Spend Analysis

    The process of collecting, cleansing, classifying, and analyzing expenditure data from all sources within the entity (i.e., purchasing card, eProcurement systems, etc.). The process analyzes the current, past, and forecasted expenditures to allow visibility of data within the organization at various levels, e.g. by supplier, commodity, service, or by department.