Procurement Manager Question:
Do you know how Is Spend Analysis Conducted?
Answer:
Spend information is taken from all financial systems, Oracle, acquire and Barclaycard spend. This is then reviewed to look at off-contract spend, and these are then categorised into short-term (contract needed within 12 months, perhaps where there is a legal requirement or there is likely to be an increase in spend); medium-term (contract needed within 24 months) and long-term (contract needed, but not urgent as there are other contracts available that can be used).
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