Question: How does a spend analysis benefit a company's procurement strategy? It simplties the procurement process by consolidating all punchases into as shgle categury to negptiate

How does a spend analysis benefit a company's procurement strategy?
It simplties the procurement process by consolidating all punchases into as shgle categury to negptiate better pricing and termis.
It allows the company to prionitize items based on strategic importance and apply appropriate purchasing strategies
It identifies potential new suppliers for non-coveitems.
Itensures that allitemis are purchased at the lowest possible cost
How does a spend analysis benefit a company's procurement strategy? It

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