--- title: What is Spend Analysis in a Procurement Organization | Robobai description: Find out how spend analysis from Robobai is used by enterprise procurement chiefs to optimise management of the supply chain. image: https://blog.robobai.com/hubfs/15.png --- [Skip to the main content.](https://blog.robobai.com/spend-analysis-in-a-procurement-organisation#main-content) [![RobobAI logo](https://blog.robobai.com/hs-fs/hubfs/Robobai_logo_horizontal_wtagline-1.jpg?width=2872&height=1066&name=Robobai_logo_horizontal_wtagline-1.jpg "RobobAI logo")](https://robobai.com) [![RobobAI logo](https://blog.robobai.com/hs-fs/hubfs/Robobai_logo_horizontal_wtagline-1.jpg?width=2872&height=1066&name=Robobai_logo_horizontal_wtagline-1.jpg "RobobAI logo")](https://robobai.com) - Products - [Agent Bob](https://robobai.com/meet-agent-bob) - [Spend Visibility](https://robobai.com/spend-visibility) - [Procurement Management](https://robobai.com/procurement-management) - [Payments Analytics](https://robobai.com/payment-analytics) - [Third Party Risk Management](https://robobai.com/third-party-risk-management) - [Compliance](https://robobai.com/compliance) - [Contract Management](https://robobai.com/contract-management) - Solutions - [Master Data Management](https://robobai.com/master-data-management) - [Consulting](https://robobai.com/consulting) - [AI Engine](https://robobai.com/ai) - [Managed Services](https://robobai.com/managed-services) - [Industries](https://robobai.com/solutions/industries) - [Construction](https://offer.robobai.com/solutions/industries/construction) - [Manufacturing](https://offer.robobai.com/solutions/industries/manufacturing) - [Food & Beverage](https://offer.robobai.com/solutions/industries/food-beverage) - [Health](https://offer.robobai.com/solutions/industries/health) - [Retail & E-Commerce](https://offer.robobai.com/solutions/industries/retail) - Resources - [Datasheets](https://robobai.com/datasheet-products-and-services) - [Case Studies](https://robobai.com/case-study) - [About Us](https://robobai.com/about-us) - [Newsroom](https://blog.robobai.com) [Demo](https://robobai.com/request-a-demo) [Contact](https://robobai.com/contact-us) [![https://robobai.com/hubfs/twitter%20(3)-1.png](https://blog.robobai.com/hubfs/twitter%20(3)-1.png)](https://x.com/RobobaiGlobal) [![https://robobai.com/hubfs/linkedin%20(3).png](https://blog.robobai.com/hubfs/linkedin%20(3).png)](https://www.linkedin.com/company/robobai/) [![https://robobai.com/hubfs/youtube%20(2).png](https://blog.robobai.com/hubfs/youtube%20(2).png)](https://www.youtube.com/@RobobAI) Toggle Menu Toggle Menu [Demo](https://robobai.com/request-a-demo) [Contact](https://robobai.com/contact-us) - Products - [Agent Bob](https://robobai.com/meet-agent-bob) - [Spend Visibility](https://robobai.com/spend-visibility) - [Procurement Management](https://robobai.com/procurement-management) - [Payments Analytics](https://robobai.com/payment-analytics) - [Third Party Risk Management](https://robobai.com/third-party-risk-management) - [Compliance](https://robobai.com/compliance) - [Contract Management](https://robobai.com/contract-management) - Solutions - [Master Data Management](https://robobai.com/master-data-management) - [Consulting](https://robobai.com/consulting) - [AI Engine](https://robobai.com/ai) - [Managed Services](https://robobai.com/managed-services) - [Industries](https://robobai.com/solutions/industries) - [Construction](https://offer.robobai.com/solutions/industries/construction) - [Manufacturing](https://offer.robobai.com/solutions/industries/manufacturing) - [Food & Beverage](https://offer.robobai.com/solutions/industries/food-beverage) - [Health](https://offer.robobai.com/solutions/industries/health) - [Retail & E-Commerce](https://offer.robobai.com/solutions/industries/retail) - Resources - [Datasheets](https://robobai.com/datasheet-products-and-services) - [Case Studies](https://robobai.com/case-study) - [About Us](https://robobai.com/about-us) - [Newsroom](https://blog.robobai.com) - [Demo](https://robobai.com/request-a-demo) - [Contact](https://robobai.com/contact-us) - Partner Login [Linkedin](https://www.linkedin.com/company/robobai/) [X](https://x.com/RobobaiGlobal) [YouTube](https://www.youtube.com/@robobai7442) 1 min read # What is Spend Analysis in a Procurement Organization? [Admin](https://blog.robobai.com/author/admin) : June 10, 2019 - [Tweet](https://twitter.com/share) ![What is Spend Analysis in a Procurement Organization?](https://blog.robobai.com/hubfs/15.png) Quite simply, spend analysis is the name given to the process of identifying, gathering, grouping, categorizing and analyzing corporate spend data with the goal of decreasing procurement costs across the organization.  This is done using data analytics and provides the insights required to save money and gain operational efficiencies. Spend analysis as a field is a sub-division within the broader arena of spend management. It allows us to visualize our data in a consolidated manner allowing us to make better sourcing decisions.  Spend Analysis can also help us improve compliance across the business. So how would one begin to leverage Spend Analysis? Essentially there are 3 key elements that we must look at when conducting a Spend Analysis assessment. These are: - **Visibility** Before we are able to analyse our data we must first extract it from its various data sources. This data then must be cleansed, before being combined together with the various other data sources available and presented in an easily readable, manageable format. No easy feat for large enterprise organizations who operate many decentralized [software platforms](https://redskydigital.com.au). - **Cost Analysis** Once all data is cleansed and organized into relevant categories, you are ready to start analyzing.  The trick here is to identify trends and verify you are leveraging supplier data to get competitive pricing. - **Internal & External Processes** The key to successful Spend Analysis is a robust internal and external supplier management process supported by solid internal governance, purchasing frameworks and a shared toolset. With the right software platform and processes embedded within the heart of the organization centralized management is possible, with real-time decision making possible based on data driven assessment. Here at RobobAI our [advanced AI powered technology](https://blog.robobai.com/) is leading the field in Spend Analysis. Enterprise organizations across Australia are today using RobobAI AI engine to save $millions of dollars year on year, at the same time revolutionizing the way procurement is handled within their firms. Interested in finding out more? [Get the Robobai Demo today](https://robobai.com/robobai-demonstration/)! ### Related posts [![Modern Day Slavery – Changes in the Procurement Industry](https://blog.robobai.com/hubfs/RoboBai_Theme/blog%20media/modern-day-slavery-600x400.jpg)](https://blog.robobai.com/modern-day-slavery-changes-in-the-procurement-industry) #### [Modern Day Slavery – Changes in the Procurement Industry](https://blog.robobai.com/modern-day-slavery-changes-in-the-procurement-industry) [Admin](https://blog.robobai.com/author/admin) A chance for CPO’s to stand up and be counted [Read more >](https://blog.robobai.com/modern-day-slavery-changes-in-the-procurement-industry) [![RobobAI unveils AI platform for optimising B2B payments](https://blog.robobai.com/hubfs/Unveils%20AI%20platform%20for%20optimising%20B2B%20payments.png)](https://blog.robobai.com/robobai-unveils-ai-platform-for-optimising-b2b-payments) #### [RobobAI unveils AI platform for optimising B2B payments](https://blog.robobai.com/robobai-unveils-ai-platform-for-optimising-b2b-payments) [RobobAI](https://blog.robobai.com/author/robobai) [Read more >](https://blog.robobai.com/robobai-unveils-ai-platform-for-optimising-b2b-payments) [![RobobAI achieves ISO 27001 certification](https://blog.robobai.com/hubfs/9.png)](https://blog.robobai.com/robobai-iso-27001-certified) #### [RobobAI achieves ISO 27001 certification](https://blog.robobai.com/robobai-iso-27001-certified) [Admin](https://blog.robobai.com/author/admin) At RobobAI, we take data protection seriously and we’re proud to announce that we have recently achieved ISO 27001:2013 certification. 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[Read more >](https://blog.robobai.com/robobai-iso-27001-certified) Products [Agent Bob](https://robobai.com/meet-agent-bob) [Spend Visibility](https://robobai.com/spend-visibility) [Procurement Management](https://robobai.com/procurement-management) [Payment Analytics](https://robobai.com/payment-analytics) [Third Party Risk Management](https://robobai.com/third-party-risk-management) [Compliance](https://robobai.com/compliance) [Contract Management](https://robobai.com/contract-management)   ##### Datasheets Products and Services [Robobai Overview](https://blog.robobai.com/hubfs/New%20Logo%20Datasheets/RobobAI%20Datasheet_RobobAI_Overview.pdf) [AI-POC](https://blog.robobai.com/hubfs/AI%20Datasheet.pdf) [Spend Visibility](https://blog.robobai.com/hubfs/New%20Logo%20Robobai_Spend_Visibility_DataSheet.pdf.pdf) [Procurement Management](https://blog.robobai.com/hubfs/New%20Logo%20Datasheets/New%20Logo%20Robobai_Procurement_Management_DataSheet.pdf-1.pdf) [Vendor Compliance](https://blog.robobai.com/hubfs/Vendor_Compliance_Datasheet.pdf) [CPS 230](https://blog.robobai.com/hubfs/RobobAI%20CPS%20230%20Datasheet.pdf) [Consulting Services](https://blog.robobai.com/hubfs/RobobAI_Consulting_Services.pdf) [Consulting Benefits](https://blog.robobai.com/hubfs/RobobAI_Datasheet_Consulting_Benefits.pdf) [Managed Services](https://blog.robobai.com/hubfs/Datasheets%20pdf%20New%20logo%20twitter/New%20Logo%20AI%20Managed%20Services.pdf) Solutions [Industries](https://robobai.com/solutions/industries) [Consulting](https://robobai.com/consulting) [Financial Collaboration](https://robobai.com/financial-collaboration) [Supply Chain Risk](https://robobai.com/supply-chain-risk) [AI Engine](https://robobai.com/ai) [Managed Services](https://robobai.com/managed-services) ##### Data [Master Data Governance](https://blog.robobai.com/hubfs/MDM%20Datasheet.pdf) [Drive value with data](https://blog.robobai.com/hubfs/New%20Logo%20Datasheets/New%20Logo%20Activate%20Data%20to%20Drive%20Value.pdf) [Improve data to find cost savings](https://blog.robobai.com/hubfs/Data%20and%20Cost%20Savings.pdf) [Leverage data to increase ERP ROI](https://blog.robobai.com/hubfs/Datasheets%20pdf%20New%20logo%20twitter/Data-integrity-drives-ERP-performance.pdf.pdf) [Is your data AI ready?](https://blog.robobai.com/hubfs/Datasheets%20pdf%20New%20logo%20twitter/Is%20your%20Data%20AI%20ready.pdf.pdf) [Prepare your data for carbon emissions reporting](https://blog.robobai.com/hubfs/Robob%202024/PDF/Datasheet-Carbon-Credentials-Will-Be-Data-Dependant.pdf) Resource Hub [Datasheets](https://robobai.com/datasheet-products-and-services) [Case Studies](https://robobai.com/case-study) [Webinars](https://robobai.com/webinars) [RobobAI Demo](https://robobai.com/request-a-demo) [Newsroom](https://blog.robobai.com) [Frequently Asked Questions](https://robobai.com/faqs) [Data Extraction Guide](https://robobai.com/data-extraction-guide) Our Company [About Us](https://robobai.com/about-us) [Contact us](https://robobai.com/contact-us) [Legal](https://offer.robobai.com/legal) [Support](https://robobai.com/support) [Information Security](https://legal.robobai.com/faqs-0)       [![Subscribe to LinkedIn Newsletter](https://blog.robobai.com/hs-fs/hubfs/Subscribe%20to%20Linkedin%20Newsletter%20(11).png?width=143&height=90&name=Subscribe%20to%20Linkedin%20Newsletter%20(11).png)](https://www.linkedin.com/pulse/robobai-news-robobai-s9xtc) - [Privacy Policy](https://offer.robobai.com/privacy-policy) © 2026 RobobAI. 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