Consider the following statements: (1)The purpose of spend analysis is to find opportunities to reduce cost by
Consolidating spending.
(2)The purpose of spend analysis is to find opportunities to reduce cost by
Moving all spending to a single supplier.
A) Only (1) is correct.
B) Only (2) is correct.
C) Both (1) and (2) are correct.
D) Neither (1) nor (2) is correct.

Question

Quizplus · Accepted Answer

Only statement (1) is correct. Spend analysis may well result in cost reductions while pursuing a multiple source strategy.

Consider the Following Statements: (1)The Purpose of Spend Analysis Is