This involves collecting,cleansing,and analyzing data regarding expenditures with the purpose of reducing costs,improving efficiency,and monitoring compliance with purchasing policies.

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Spend analysis specifically deals with collecting, cleansing, and analyzing expenditure data to identify ways to reduce costs and improve efficiency. The other options (value analysis, risk analysis, order fill rate analysis, and purchasing analysis) may involve analyzing data, but do not necessarily focus on expenditures or cost reduction.

This Involves Collecting,cleansing,and Analyzing Data Regarding Expenditures with the Purpose