Gartner Research

Spend Data Collection: Getting the Basics Right

Published: 06 November 2017

ID: G00385895

Analyst(s): Procurement Research Team

Summary

What are some basic guidelines to ensure efficient spend data collection for analysis? Define specific objectives you aim to achieve with greater spend visibility (e.g. higher contract compliance, reducing maverick spend, etc.), capture the spend details tied to your objectives, and cover all possible sources of data, consolidate all data into a single database to avoid high cleansing costs and improve spend visibility and incorporate spend data collection as a training module for buying staff.

Table Of Contents

More Detail

Define Clear Spend Analysis Objectives

Cover All Relevant Spend Details and Data Sources

Conduct Data-Entry Training for Buying Staff

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