Gartner Research

Use These Spend Analysis Best Practices to Improve Processes, Find Savings and Reveal Trends

Published: 14 March 2013

ID: G00248028

Analyst(s): Deborah Wilson , Magnus Bergfors


Spend analysis is one of the most important processes in procurement. The output is a foundation for organizing, planning and managing procurement activities. IT and procurement officers and support staff should use these best practices to create and manage a successful spend analysis program.

Table Of Contents
  • Key Challenges



  • Use a Specialized Spend Analysis Tool That Includes Automated Data Cleansing and Enhancement
  • Go Beyond AP as a Source for Data to Identify All Relevant Sources for Spend and Spend-Related Data
  • Create or Select a Classification Schema That Suits Your Business Needs
  • Set Up Responsibilities and Processes to Continually Update Data and Improve and Correct Classification
  • Create a Strategy for Improving Data Quality and Access to Enable Classification

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