data.md

Procurement Spending Data for XYZ Corporation (Past Year)

1. Detailed Procurement Spending Data:

• Total Procurement Spend: $120 million
• Spending by Category (Top 5 Categories):
  • IT Hardware & Software: $30 million
  • Professional Services: $25 million
  • Marketing & Advertising: $20 million
  • Office Supplies: $15 million
  • Travel & Expenses: $10 million
• Average Spending per Supplier: $2 million

2. List of Suppliers (Top 5 by Spend):

• TechPro Solutions
  • Spend: $22 million
  • Contract Term: 3 years
  • Main Products: Servers, Software Licenses
• ConsultCorp
  • Spend: $18 million
  • Contract Term: 2 years
  • Services: Legal, Management Consulting
• AdvertMax
  • Spend: $15 million
  • Contract Term: 1 year
  • Services: Digital Marketing, Advertising Campaigns
• OfficeNeeds
  • Spend: $12 million
  • Contract Term: 1 year
  • Products: Office Furniture, Stationery
• GlobalTravel
  • Spend: $8 million
  • Contract Term: 2 years
  • Services: Business Travel, Accommodation

3. Contract Terms Overview (General):

• Average Contract Duration: 2 years
• Most Common Payment Terms: Net 30 days
• Volume Discounts: Available with 3 suppliers
• Early Payment Incentives: Offered by 2 suppliers