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A new buyer enters a procurement department and requests spending information for each category of procured materials. The buyer states that savings is impossible to

A new buyer enters a procurement department and requests spending information for each category of procured materials. The buyer states that savings is impossible to determine unless historical spending information is captured. The buyer's request is an example of: 


a. Cost analysis 


b. Third-party benchmarking 


c. Baselining 


d. Think RFP Categorization

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