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- Spend_analysis abstract "Spend analysis is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance. It can also be leveraged in other areas of business such as inventory management, budgeting and planning, and product development. There are three core areas of spend analysis - visibility, analysis and process. By leveraging all three, companies can generate answers to the crucial questions affecting their spending, including: What am I really spending? With whom am I spending it? Am I getting what’s been promised for that spend?Spend analysis is often viewed as part of a larger domain known as spend management which incorporates spend analysis, commodity management and strategic sourcing.Companies perform spend analysis for several reasons. The core business driver for most organizations is profitability. In addition to improving compliance and reducing cycle times, performing detailed spend analysis helps companies find new areas of savings that previously went untapped, and hold on to past areas of savings that they have already negotiated.Automated spend analysis software can be a valuable tool for chief procurement officers (CPOs) at large, global, diversified enterprises, and a useful tool for many others. The resulting spend visibility helps CPOs and CFOs gain insight into what their company buys and from whom, and it helps them realize savings promised by past sourcing efforts. The original approach to building spend cubes and the name \"spend cube\" refers to the three dimensions of the cube - Suppliers, Corporate business units, and Category of item. The contents in the cube are the price and volume of items purchased. John Anderson and Laura Boteler, of A.T. Kearney, Inc., developed the first spend cubes to be used in strategic sourcing.".
- Spend_analysis thumbnail SpendCube.png?width=300.
- Spend_analysis wikiPageID "16074688".
- Spend_analysis wikiPageLength "2246".
- Spend_analysis wikiPageOutDegree "9".
- Spend_analysis wikiPageRevisionID "694132433".
- Spend_analysis wikiPageWikiLink Category:Business_terms.
- Spend_analysis wikiPageWikiLink Category:Procurement.
- Spend_analysis wikiPageWikiLink Category:Supply_chain_management.
- Spend_analysis wikiPageWikiLink Chief_financial_officer.
- Spend_analysis wikiPageWikiLink Chief_procurement_officer.
- Spend_analysis wikiPageWikiLink Spend_analysis.
- Spend_analysis wikiPageWikiLink Spend_management.
- Spend_analysis wikiPageWikiLink Strategic_sourcing.
- Spend_analysis wikiPageWikiLink File:SpendCube.png.
- Spend_analysis wikiPageWikiLinkText "Spend Analysis".
- Spend_analysis wikiPageWikiLinkText "Spend analysis".
- Spend_analysis wikiPageWikiLinkText "spend analysis".
- Spend_analysis wikiPageUsesTemplate Template:Refimprove.
- Spend_analysis wikiPageUsesTemplate Template:Reflist.
- Spend_analysis subject Category:Business_terms.
- Spend_analysis subject Category:Procurement.
- Spend_analysis subject Category:Supply_chain_management.
- Spend_analysis hypernym Process.
- Spend_analysis type Election.
- Spend_analysis type Redirect.
- Spend_analysis type Term.
- Spend_analysis comment "Spend analysis is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance. It can also be leveraged in other areas of business such as inventory management, budgeting and planning, and product development. There are three core areas of spend analysis - visibility, analysis and process.".
- Spend_analysis label "Spend analysis".
- Spend_analysis sameAs Q7576277.
- Spend_analysis sameAs m.03qnccj.
- Spend_analysis sameAs Q7576277.
- Spend_analysis wasDerivedFrom Spend_analysis?oldid=694132433.
- Spend_analysis depiction SpendCube.png.
- Spend_analysis isPrimaryTopicOf Spend_analysis.