_____ is the determination of the dollar amount and volume of expenditures that an organization makes to provide its products and services and support its operations.
A)TCO
B)Kanban
C)Price forecasting
D)Spend analysis
E)Market analysis

Question

Quizplus · Accepted Answer

Spend analysis is the process of determining the dollar amount and volume of expenditures made by an organization. It involves collecting, classifying, and analyzing spending data to identify opportunities for cost savings, supplier consolidation, process improvement, and purchasing optimization. TCO (total cost of ownership) is a related concept that calculates the total cost of a product or service over its entire life cycle, including purchase, maintenance, and disposal costs. Kanban is a lean manufacturing technique that uses visual signals to indicate when and how much to produce. Price forecasting and market analysis are both methods of predicting future trends and conditions in the economy and the marketplace. While these techniques may be useful for procurement and supply chain planning, they are not focused solely on analyzing past spending patterns and identifying potential savings opportunities.

_____ Is the Determination of the Dollar Amount and Volume