Answer the questions based on the data given below: a. Design your own two level taxonomy for the spend analysis.?

b. Conduct a spend analysis exercise on the below data?

c. Provide your recommendation based on savings opportunity analysis? (Max 150 words)

d. What are the common key challenges in the spend analysis exercise? (Max 100 words)

e. What are the advantages of spend analysis in souring? (Max 100 words)

Expense Account Amount (USD) Salaries 204,488,483

Pension contribution 13,639,563

Social security contributions 2,658,395

Employee insurance 2,400,000

Other Staff Benefits 2,845,914

Company vehicle lease 7,980,497

Housing rental 4,212,130

Relocation 3,923,200

Office building rent 19,457,757

Office utilities 18,986,192

Food and canteen 8,883,140

Office cleaning 2,584,461

Telephone 2,605,625

Local maintenance support 4,013,190

Km/miles allowance 5,108,707

Travel accommodation 2,470,912

Travel other (2,386,086)

Depreciation IT hardware 4,758,776

Depreciation office equipment 7,735,736

Interest income external (2,292,493)