Supply Chain Spend Analysis is the process of gathering and analyzing data to understand when, where, and how much an organization spends on goods and services. It’s responsibility involves validating data from multiple sources to ensure accuracy, inconsistencies, missed opportunities, and areas for improvement are visible and addressed. The analysis explores the company’s spending trends across suppliers, contract rates, supplier performance, internal consumption costs, and more, allowing organizations to identify potential cost savings opportunities and develop strategies that optimize spend management.