Supply Spend
Supply spend refers to the total amount a business spends on supplies from vendors over a period of time, tracked by vendor, category, and time period to identify trends, price changes, and cost-saving opportunities across the business.
Types
Vendor-Level Spend
Total spend with a specific supplier such as Benco, Patterson, Henry Schein, or Amazon Business, tracked over time to identify price drift.
Category-Level Spend
Spend by product category such as composites, preventives, and infection control, to identify which categories are driving cost increases.
Why it matters
Most businesses know their total supply budget at year-end. Few know whether a specific vendor quietly raised prices 8% over six months, which product category is running over budget, or whether a competing vendor offers better pricing on the same items. Automated supply spend tracking turns this from a quarterly surprise into a real-time insight.
Real-world example
A dental practice uses SupplyIQ to track supply spend. In April, total spend with Patterson Dental increases 14% over the prior month. Drilling into the data, FREM identifies that glove and mask prices increased significantly, giving the practice owner the information needed to request a price review or consider switching vendors.
Ask FREM about your data
CentsOf.AI's SupplyIQ parses vendor invoices automatically and tracks supply spend by vendor and category. Ask FREM: "Which vendor had the biggest price increase last quarter?"
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