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SPEND ANALYSIS: The Window into Strategic Sourcing by Haralambos Marmanis, Kirit Pandit

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THE FUTURE OFSPEND ANALYSIS

Over the last few years, traditional spend analysis solutions have been very effective in identifying quick-hit opportunities, such as supplier consolidation. Many low-hanging opportunities have already been addressed by companies that implemented a strategic sourcing program. These companies are now looking out for opportunities that are more elusive, more complex, and most often not readily visible. For example, in Chapter 10 (Spend Analysis and Compliance), we saw how contract compliance and transaction analysis can unearth myriads of addressable spend leakages. Similarly, such analyses can also identify broad-based ...

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