Strategic supply management has become a significant driver of improved corporate performance and better risk management, and spend analysis is the most critical component to achieving world-class performance. This book provides guidance on what spend analysis really is, what it involves, and how it can be used to identify cost reduction opportunities, prioritize sourcing projects, negotiate results, and ensure that identified opportunities reach the bottom line.
Fundamentals of Spend Analysis 3
Ch. 2 Business Imperative and Return on Investment 23
Ch. 3 How to Implement a Successful Spend Analysis Program 47
Ch. 4 Opportunity Identification 65
Ch. 5 The Anatomy of Spend Transactions 85
Ch. 6 Spend Analysis Components 101
Ch. 7 Taxonomy Considerations 151
Ch. 8 Technology Considerations 179
Ch. 9 Tracking and Monitoring 209
Ch. 10 Spend Analysis and Compliance 219
Ch. 11 The Future of Spend Analysis 231
Index