Dictionary of Procurement Terms

Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

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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 an entity (i.e., purchasing card, eProcurement systems, etc.). The process analyzes the current, past, and forecasted expenditures to enable the visibility of data within the organization at various levels (e.g., by supplier, commodity, service, or by department). See also: Market Analysis, Procurement Profile, Supply Positioning.

    See Also: Market Analysis, Procurement Profile, Supply Positioning
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