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As corporate procurement organizations are charged with securing products and services of the best quality and the lowest possible cost, their enterprises are counting on them to be much more than just order takers. To accomplish that, procurement organizations must develop capabilities in spend intelligence. This takes spend analysis a step further, allowing the enterprise to take what it knows from the spend data it has gathered and use it to act on forward-thinking initiatives.

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As corporate procurement organizations are charged with securing products and services of the best quality and the lowest possible cost, their enterprises are counting on them to be much more than just order takers. To accomplish that, procurement organizations must develop capabilities in spend intelligence. This takes spend analysis a step further, allowing the enterprise to take what it knows from the spend data it has gathered and use it to act on forward-thinking initiatives.

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