Spend Analysis Includes

question 44

Multiple Choice

Spend analysis includes

• A) looking at what the company is buying, from whom, in what quantities, and at what price.
• B) looking at spend data by division or facility to isolate spending patterns.
• C) looking for opportunities to disperse purchasing activities to more areas within the organization.
• D) all of the above.

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Definitions:

Financing Required

The total amount of money needed to start or expand an enterprise, often reflecting external funding needs to cover projected deficits or investments.

Cash Receipts

Monies received by a business during a specified period from transactions, including sales and services.

Credit Sales

Transactions where goods or services are sold and payment is deferred to a future date.

Budgeted Sales

Projected sales revenue, often part of a company’s financial planning process to estimate future income from sales.