The document outlines a seven step process for conducting a spend analysis: 1) Identify all spend data sources, 2) Gather and consolidate spend data, 3) Cleanse the data by finding and correcting errors, 4) Group suppliers, 5) Categorize spend, 6) Analyze spend to ensure best contracts and preferred suppliers are used, and 7) Repeat the analysis continually to identify savings opportunities. The goal is to analyze an organization's spending to identify opportunities for savings.