Analytics are all the rage. And spend analysis is Procurement 101. So, getting some reasonable investment shouldn’t be a problem, right?
Wrong. The problem with analytics is that the identified value is all “option value.” You don’t know how much value opportunity you will uncover with the analytics until you actually perform them (and implement the identified opportunities)!
So, how to overcome this problem? This research paper provides you with 10 recommendations to help you overcome this Catch 22 problem.
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