Question

​"The application of quantitative techniques to purchasing data in an effort to better understand spending patterns and identify opportunities for​ improvement" is the definition of
A. maverick spending.
B. spend analysis.
C. industry analysis.
D. core analysis.

Answer 1

Answer:

B. spend analysis.

Explanation:

Spend analysis -

It is the process of analyzing , classifying , collecting the data in order to improve the efficiency and get a better idea about the information .

This method is used in business like , the product development , planning , complex sourcing , inventory management .

The speed analysis is done on the basis of  -

1. process ,

2. analysis

3. visibility .

Hence , the correct term for the given definition is B. spend analysis .