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Data Analysis Skills and Thinking Assignment Question -
Submit a paper of at least four pages in length excluding the title and reference pages -
Explain in detail why data analysis skills are so important to Spend Analysis.
Describe how a structured process such as Six Sigma methodology (Chapter 4) can be useful to identify spending patterns and identify opportunities for improvement.
Recommend which functional areas of the business, such as finance, should be involved in Spend Analysis efforts and justify the rationale for your choices.
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In the given assignment, I have provided answers to the asked questions. All these questions were based on why data analysis skills are so important to Spend Analysis, six sigma methodologies and which functional areas of business should be involved in spend analysis.
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Submit a paper of at least four pages in length, excluding the title and reference pages, that includes at least two scholarly sources (in addition to the text). Thoroughly and accurately explains the importance of data analysis skills to spend analysis. Thoroughly and accurately describes how the structured process can be useful to identify spending patterns and identify opportunities for improvement. Creates a clear and comprehensive recommendation for the spend analysis efforts and clearly justifies the rationale for the choices.
Reading: Comprehension - Distinguishes probable implications of the text for contexts, perspectives, or issues outside the assigned task or beyond the author's explicit message. Integrative Learning: Integrated Communication - Distinguished - Utilizes a format, language, or graph (or other visual representation) in ways that enhance comprehension, while making clear the interdependence of language and meaning, thought, and expression. Control of Syntax and Mechanics - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.
APA Formatting - Accurately uses APA formatting consistently throughout the paper, title page, and reference page. Page Requirement - The length of the paper is equivalent to the required number of correctly formatted pages. Resource Requirement - Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
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