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Bus 307 week 3 spend analysis
1. BUS 307 Week 3 Spend Analysis
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Spend Analysis. From the end of Chapter 11, read the Case Study: The ABCs of
Spend Analysis. Respond to the following questions in a one to three page
document to submit to your instructor. The submission must adhere to APA style
guidelines and should include at least two scholarly references.
Why are data analysis skills and thinking so important to spend analysis? Can’t
software applications be used to generate the information needed automatically?
How might a structured process such as Six Sigma methodology (Chapter 3) be
useful here?
Why is it important to get other functional areas, notably finance, involved in
spend analysis efforts? Can
you think of some other functional areas that should be involved?