What is Supplier Spend Analysis?

What does Supplier Spend Analysis mean?

Supplier Spend Analysis is the practice of systematically reviewing and categorising procurement data to understand how much is being spent, with which suppliers, and on which categories of products or services.

The purpose is to increase visibility into procurement spend, uncover cost-saving opportunities, and improve supplier management. Without clean and accurate data, spend analysis can produce misleading results that limit decision-making and strategic sourcing.

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Key elements of Supplier Spend Analysis

Accurate supplier data – reliable Vendor Master records are essential.
Spend categorisation – grouping procurement data by category, supplier, or business unit.
Data enrichment – adding missing attributes such as supplier locations, industry codes, or financial risk ratings.
Standardisation – ensuring consistent codes and descriptions across procurement systems.
Analytics and reporting – producing insights that drive sourcing strategies and supplier negotiations.

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How Sharecat supports Supplier Spend Analysis

Sharecat Data Services helps organisations improve Supplier Spend Analysis by cleansing, enriching, and standardising procurement data. By enhancing Vendor Master records and aligning procurement data with classification systems such as UNSPSC Codes, Sharecat enables spend analysis that is accurate, consistent, and actionable.

This empowers companies to:

Eliminate duplicate supplier records.
Gain a single, accurate view of procurement spend.
Support sourcing strategies with reliable data.
Unlock measurable savings in MRO Procurement.

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Glossary

What is Supplier Spend Analysis?

What does Supplier Spend Analysis mean?

Key elements of Supplier Spend Analysis

How Sharecat supports Supplier Spend Analysis