Spend Analysis
The concept explores the importance of procurement visibility and explains how organisations can determine spend by commodities, products, services and suppliers. You will gain an understanding of how to better leverage your buying power, reduce costs and strategically improve supplier relationships.
Technique Overview
Spend Analysis Definition
Spend analysis is the process that “integrates internal spend data and external supplier and market data and applies analytical and benchmarking techniques to help identify risks and opportunities for performance improvements and savings by applying best practices in purchasing and supply management” (RAND, 2004).
Spend Analysis Description *
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Business Evidence
Strengths, weaknesses and examples of Spend Analysis *
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Business Application
Implementation, success factors and measures of Spend Analysis *
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Professional Tools
Spend Analysis videos and downloads *
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Further Reading
Spend Analysis web and print resources *
Spend Analysis references (4 of up to 20) *
- Bartolini, A. and Dwyer, C. (2008) Spend Analysis: Pulling Back the Cover on Savings. Aberdeen Group, October, 2008.
- CIPS: How Do We Measure Up?
- CIPS/Portland Group (2009) Strategic procurement survey.
- Department for Environment, Food and Rural Affairs (2006) Procuring the Future. Sustainable Procurement National Action Plan: Recommendations from the Sustainable Procurement Task Force. London.
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