Spend Analysis: Process, Tools, Trends & Best Practices | Fractory
Spend analysis is the structured process of collecting, cleaning, classifying, and analysing procurement expenditure data.| Fractory
Procurement has long been viewed as a cost-control function, focused on securing the lowest prices from suppliers. However, forward-thinking businesses increasingly recognise procurement as a strategic asset—one that can drive […] The post Why CFOs Should Invest in Procurement: Aligning for Strategic Value appeared first on Fractory.| Fractory
Spend analysis is the structured process of collecting, cleaning, classifying, and analysing procurement expenditure data.| Fractory
Effective Inventory management strategies reduce costs, enhance customer satisfaction, and most importantly, increase operational efficiency.| Fractory
In 2025, supply chains face an array of challenges, such as geopolitical tensions, tariffs, labour shortages & raw material shortages, etc.| Fractory
Transportation costs are the expenses related to moving goods, such as operational costs, driver wages, and maintenance, among others.| Fractory
Procurement, often referred to as strategic sourcing, is the process of acquiring the goods and services a company needs to operate.| Fractory
Procurement transformation refers to the strategic overhaul of processes, practices and organisational structures to improve efficiency, effectiveness & value generation.| Fractory
SRM is a strategic approach to procurement process, involving the development and ongoing management of partnerships with critical suppliers.| Fractory
