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?