THE ANATOMY OF SPENDTRANSACTIONS
In this chapter, we will take a closer look at how spend transactions are generated and the kind of data that are typically captured and available from business information systems. This information is important for two reasons:
Understanding the data is key to understanding the type of enrichment and cleansing that needs to be performed in order to yield meaningful spend visibility.
Understanding the purchasing process is key to understanding how spend leakages occur.
At a broad level, corporate spend can be classified as belonging to direct, indirect, and MRO categories.