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Surprisingly this is never talked about …


EasyMoneySnip3r
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EasyMoneySnip3r

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What is Spend Analysis?

Spend analysis is the practice of analyzing procurement spend to decrease costs, increase efficiency or improve supplier relationships. Procurement spend analytics is the process to collect, cleanse, classify and analyze spend data through either dedicated software or one-off spend cubes.

Spend analytics is one of the key tools that procurement organizations use to proactively identify savings opportunities, manage risks and optimize their organization’s buying power. It is often regarded as the fundamental foundation of sourcing. It is a tool that sourcing executives can utilize to engineer superior performance. Data from spend analysis can improve visibility into corporate spend, as well as drive performance improvement, contract compliance, and most importantly, cost savings.

Analysing procurement spend provides data that can be used as a baseline to measure improvements, and to also provide reliable data for deciding strategies to realize short and long term savings. As procurement moves to a more strategic function in the company, spend analysis is its fundamental strategic technique which establishes a parallel process that guides senior leaders and budget holders in maximizing value for the organization’s dollar.
 

Thats basics … and can be applied to cyrpto as well 

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3 hours ago, mountaincat9 said:

@EasyMoneySnip3r well don't I feel like an idiot lol!!  This went sweeping through my chemo brain.  Now I know where to go for teck questions but I think my brain is forever soft at this point but thanks for the new info.  :)

@mountaincat9 hey stop that attitude. Learn something new every day from good sources . 
 

my favorite is here 

google.scholar.com copy paste that 

 

or udemy has online courses u can pay like 3 bucks to learn anything in 

 

 

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On 8/11/2021 at 8:51 PM, EasyMoneySnip3r said:

well don't I feel like an idiot lol!!  This went sweeping through my chemo brain

Ditto.....

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On 6/24/2021 at 3:04 PM, EasyMoneySnip3r said:

Surprisingly this is never talked about

What is Spend Analysis?[...]

Thats basics … and can be applied to cyrpto as well 

Well, I can assure you that FinCEN talks about it :)

Ever heard of a company called AnChain? There are a handful like that.

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