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Spend analysis

Spend analysis or spend analytics is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring controls and compliance. It can also be leveraged in other areas of business such as inventory management, contract management, complex sourcing…

Companies, Spend cube analysis & Overview

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Overview

Spend cube analysis

Advanced semantic analysis

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Map overview Semantic statistics

Spend analysis

Nodes13
Edges12
Triples15
Avg. degree1.85
Density0.153846
Components1

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Spend analysis

Top relations

related to overview · 6
Spend analysis → By, Companies, In, Spend, The, There
related to Software · 2
Spend analysis → Automated, CPOs

Important terminology Word statistics

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Important terminology

spend analysis procurement cube areas sourcing companies process data costs improving compliance business management software commodity core helps savings past

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
inventory managementinstance ofIt can also be leveraged in other areas of business0.80text
contract managementinstance ofIt can also be leveraged in other areas of business0.80text
complex sourcinginstance ofIt can also be leveraged in other areas of business0.80text
supplier managementinstance ofIt can also be leveraged in other areas of business0.80text
budgetinginstance ofIt can also be leveraged in other areas of business0.80text
planninginstance ofIt can also be leveraged in other areas of business0.80text
and product developmentinstance ofIt can also be leveraged in other areas of business0.80text
Spend analysisrelated to overviewSpend0.60section
Spend analysisrelated to overviewCompanies0.60section
Spend analysisrelated to overviewThe0.60section
Spend analysisrelated to overviewIn0.60section
Spend analysisrelated to overviewThere0.60section

Related concept clusters Concept neighborhoods

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    Min side: 3
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