The official business definition of Procurement Spreadsheet is an electronic document created and stored in a program like Microsoft Excel, Google Sheets, or other spreadsheet software. It is used for tracking and managing purchasing information. The spreadsheet is usually divided into columns and rows, with each row containing a record of an individual purchase. This could include the date of purchase, the product or service purchased, the vendor, the total cost, and any other relevant information. Procurement spreadsheets help companies keep track of spending, track budgeting, and create custom reports. They can also be used to help identify cost-saving measures and to ensure that the organization is in compliance with regulations. A procurement spreadsheet is an invaluable tool for any business, allowing them to effectively and efficiently manage their purchasing activities.