The Spend Cube is a strategic procurement analysis tool that structures and visualizes an organization’s total spend along three key dimensions: product or service categories, suppliers, and internal business units or cost centers. By organizing spend data in a cube format, it helps identify savings opportunities, consolidate suppliers, and increase transparency. The Spend Cube supports data-driven decision-making by enabling procurement teams to uncover inefficiencies, spot trends, and develop targeted sourcing strategies across the organization.
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Explanation: Spend Cube
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