Spend Analysis: Process, Tools, Trends & Best Practices | Fractory
Spend analysis is the structured process of collecting, cleaning, classifying, and analysing procurement expenditure data.| Fractory
Spend analysis is the structured process of collecting, cleaning, classifying, and analysing procurement expenditure data.| Fractory
Strategic sourcing is a proactive approach to supply chain management—analysing spend, building supplier relationships, and focusing on total cost to cut risks and improve quality.| Fractory
In 2025, supply chains face an array of challenges, such as geopolitical tensions, tariffs, labour shortages & raw material shortages, etc.| Fractory
The EU Supply Chain Act is coming... Discover what this act entails, how it will affect businesses, and what they need to do to prepare.| Fractory
Sustainable procurement integrates ESG factors into decision-making, meeting business needs while minimising harm to the planet & society.| Fractory
Value Engineering aims to provide required functionality at the best cost, while Cost Engineering accurately estimates and controls costs.| Fractory
Procurement, often referred to as strategic sourcing, is the process of acquiring the goods and services a company needs to operate.| Fractory
Engineering, Procurement & Construction projects entail all aspects of design & construction for a client, culminating in a turnkey handover.| Fractory
SRM is a strategic approach to procurement process, involving the development and ongoing management of partnerships with critical suppliers.| Fractory
