Question

During an internal assessment of purchases, the purchases are commonly divided into _______. spend silos spend...

During an internal assessment of purchases, the purchases are commonly divided into _______.

spend silos

spend categories

spend slots

spend bins

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Answer #1

Spend category

Spend Categories. Both direct and indirect procurement spend can be grouped into categories, enabling analysis and management of similar goods or services. A spend category is the logical grouping of similar expenditure items or services that have been clearly defined on an organizational level.

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