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Spend BI and Analytics

Original Source:  by Ravi Kalakota via Business Analytics 3.0 Blog

"What is your spend IQ or data maturity?

Procurement organizations tend to swim in data. One of the most important strategies for any best-in class procurement organization is spend analytics. In conjunction with sourcing, category, contract management and purchasing, spend analytics provides a window into spend behavior to drive cost reduction and cost avoidance efforts.

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