Maverick Spend Analysis, How to Plug the Leaks – 50 Shades of Pay: Shade 13 [Plus+]

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In the last 2 editions of our 50 Shades of Pay series, we tackled how to turn the hands of time forward to “spend planning” rather than forensic spend analysis. Yet, before we get even more forward-thinking and strategic, we’re going to explore a few shades in the realm of the present, namely, making sure that hard-fought savings are getting realized. So, one of the ways that spend analysis can be used here is to tie the spending data to contract data for the purposes of maverick spending analysis. Let’s also put in the language of cost. In procurement, cost is still king, and costs can certainly increase in many ways.

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