Effectively Analysing Procurement Spend

Effectively Analysing Procurement Spend

For a variety of reasons spend analysis is coming onto the radar of firms. Realisation that the top performing firms use data on expenditure to identify cost reduction opportunities and maximise their competitiveness is important; as is greater appreciation of the strategic potential of purchasing to organisational performance. Another reason is that IT systems and custom services have made capturing and collating data a whole lot easier, particularly for organisations with limited resources.

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