Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs
Planergy Software
JANUARY 19, 2023
This would mean that 70% of your spending is going toward one type of product—in this case, stationery—and 30% is being spent on other types of office supplies. Pareto Spend Analysis is an incredibly useful tool for optimizing supply chain management processes, reducing costs, and improving overall efficiency.
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