Operations and Supply Chain Management 9th edition
Operations and Supply Chain Management 9th edition
9th Edition
ISBN: 9781119320975
Author: Roberta S. Russell, Bernard W. Taylor III
Publisher: WILEY
Question
Book Icon
Chapter 11, Problem 24Q
Summary Introduction

To explain: Spend analysis programs and the advantages offered by it for procurement activities in a global supply chain.

Concept Introduction: Spend analysis is the process of reviewing procurement spend to decrease the purchasing costs, improve efficiency and improve supplier relationships. It involves collecting, sorting and analysis of spend data through either dedicated software program.

Blurred answer
Students have asked these similar questions
What is Value for Money  (VfM) in the context of procurement?  Discuss five (5) of the key steps you will take to ensure the achievement of VfM for procurement in your organization.
How can you believe a procurement policy should be closely related to an organization's long-term strategic plan and strategy?
Describe the procurement process for IT hardware and software in an organization, including the key steps involved and the roles of different stakeholders.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
  • Text book image
    Contemporary Marketing
    Marketing
    ISBN:9780357033777
    Author:Louis E. Boone, David L. Kurtz
    Publisher:Cengage Learning
    Text book image
    Purchasing and Supply Chain Management
    Operations Management
    ISBN:9781285869681
    Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
    Publisher:Cengage Learning
Text book image
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning