Spend analysis & six sigma methodology

Submit a paper of at least four pages in length, excluding the title and reference pages, that includes at least two scholarly sources and the textbook material of “Bozarth, C. C., & Handfield, R. B. (2016). Introduction to operations and supply chain management (4th ed.).” Upper Saddle River, NJ: Pearson.

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.