The Overall Process of Spend Management Is Fairly Straightforward

Multiple Choice

The overall process of spend management is fairly straightforward. Which of the following activities would not be part of the spend management process?

A) Classifying the data into a specific structure to aid analysis.
B) Collecting data from multiple sources into a single dataset.
C) Normalizing or standardizing the data so that they are directly comparable.
D) Outsourcing the spend data collection to a third-party who can be objective and unbiased.
E) Reporting and analyzing the spend data in order to assist decision makers.