Basic Spend Analysis

Analysis of spend by vendor through the analysis of the vendor master file, includes de-duplicating vendor accounts and assigning an eOTD Class to vendor accounts. The eOTD class should be translated to a hierarchical classification (UNSPSC, eCl@ss, CPV, Custom classification) through a look up table. May include identifying family trees and grouping spend by ultimate parent company. The purpose of the analysis is to support vendor optimization programs which typically involve assessment of risk by class and a plan to either increase vendor numbers to mitigate risk or to decrease vendor number to improve pricing.

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