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?