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Procurement · Definition
Classifying and examining purchase data to find savings and risk.
Spend analysis consolidates purchasing data and classifies it by category, supplier, department and contract status. It answers the questions most organisations cannot answer offhand: what do we buy, from whom, and how much of it is under contract.
The usual findings are consistent — the same item bought at several prices, spend fragmented across many suppliers in one category, and a long tail of unmanaged purchases. Each is a concrete savings project.
Also called
See it in AWRA OpsHub
Procurement Analytics Suite
Procurement runs on this vocabulary every day in AWRA OpsHub — 40 of our 257 glossary terms describe things the platform actually does.