TechCom Solutions is a fast-growing IT services company that provides a wide range of solutions to its clients. As the company expands its operations, it faces challenges in effectively sourcing reliable suppliers, streamlining the supplier registration process, and evaluating supplier performance. These challenges have the potential to impact the company's service delivery and profitability. (a) Discuss the importance of conducting spend analysis for TechCom Solutions to identify cost-saving opportunities and strategic sourcing possibilities. Also, recommend steps and criteria for enhancing the supplier selection process, ensuring the registration of qualified and reliable suppliers. (b) Discuss how understanding total cost ownership can contribute to TechCom Solutions decision-making process when selecting suppliers and products. Also, explain how ABC can help TechCom Solutions allocate costs more accurately and make informed procurement decisions.