"the application of quantitative techniques to purchasing data in an effort to better understand spending patterns and identify opportunities for improvement" is the definition of
a. maverick spending.
b. spend analysis.
c. industry analysis.
d. core analysis.

B. spend analysis.

Explanation:

Spend analysis -

It is the process of analyzing , classifying , collecting the data in order to improve the efficiency and get a better idea about the information .

This method is used in business like , the product development , planning , complex sourcing , inventory management .

The speed analysis is done on the basis of  -

1. process ,

2. analysis

3. visibility .

Hence , the correct term for the given definition is B. spend analysis .

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