Procurement Terms
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Spend profiling is the process of analyzing a company's spending patterns and identifying where the money is being spent across various categories, departments, and suppliers. It involves collecting data on all the purchases made by a company and analyzing it to gain insights into the organization's spending habits. Spend profiling is typically used in procurement and supply chain management to help organizations identify areas where they can reduce costs, negotiate better deals, and optimize their procurement processes.
Specialism:
Category Management
Spend Analysis