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What are likely to be the most important spend categories (excluding dining services and residence life)?

by | Sep 22, 2022 | Business and Management | 0 comments

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Introduction
Supply management is the identification, acquisition, positioning, and management of resources and capabilities that a firm needs to attain its strategic objectives. Organizations buy raw materials, parts, and components that go into the products they make. They also buy indirect materials that support operations such as office supplies, capital equipment, and a wide range of different services. Sourcing, which is the identification, evaluation, selection, and management of suppliers, is an important part of supply management.
Initial Post Instructions
How would you do a spend analysis if you were the supply manager for a large state university? What are likely to be the most important spend categories (excluding dining services and residence life)?

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