SPEND ANALYSIS ON COSMETIC PRODUCTS USING ANAPLAN

  • Unique Paper ID: 207646
  • Volume: 13
  • Issue: 3
  • PageNo: 1956-1960
  • Abstract:
  • Spend analysis plays a significant role in procurement and financial management by helping organizations monitor expenditures, identify inefficiencies, and optimize operational costs. The cosmetics industry involves complex procurement activities due to the large variety of products, suppliers, and distribution channels. Traditional spend tracking methods based on spreadsheets and disconnected systems often result in fragmented data, poor visibility, and ineffective decision-making. This paper presents a centralized spend analysis system for cosmetic products using Anaplan, a cloud-based connected planning platform. The proposed system integrates procurement records, vendor information, and product category data into a unified analytical environment. The developed model supports real-time spend monitoring, vendor comparison, category-wise expenditure analysis, and dashboard-based reporting. The system also incorporates automated email notifications for real-time communication and operational updates. The implementation of Anaplan improves procurement transparency, enables efficient vendor management, and helps identify cost-saving opportunities. The proposed solution enhances financial control, reduces operational inefficiencies, and supports strategic procurement planning within the cosmetics industry.

Copyright & License

Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{207646,
        author = {Swati Muralidhar Iyer and Mr.C.M.Patil},
        title = {SPEND ANALYSIS ON COSMETIC PRODUCTS USING ANAPLAN},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {13},
        number = {3},
        pages = {1956-1960},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=207646},
        abstract = {Spend analysis plays a significant role in procurement and financial management by helping organizations monitor expenditures, identify inefficiencies, and optimize operational costs. The cosmetics industry involves complex procurement activities due to the large variety of products, suppliers, and distribution channels. Traditional spend tracking methods based on spreadsheets and disconnected systems often result in fragmented data, poor visibility, and ineffective decision-making. This paper presents a centralized spend analysis system for cosmetic products using Anaplan, a cloud-based connected planning platform. The proposed system integrates procurement records, vendor information, and product category data into a unified analytical environment. The developed model supports real-time spend monitoring, vendor comparison, category-wise expenditure analysis, and dashboard-based reporting. The system also incorporates automated email notifications for real-time communication and operational updates. The implementation of Anaplan improves procurement transparency, enables efficient vendor management, and helps identify cost-saving opportunities. The proposed solution enhances financial control, reduces operational inefficiencies, and supports strategic procurement planning within the cosmetics industry.},
        keywords = {Spend Analysis, Anaplan, Procurement Analytics, Cosmetics Industry, Vendor Management, Dashboard Reporting, Financial Management.},
        month = {August},
        }

Cite This Article

Iyer, S. M., & Mr.C.M.Patil, (2026). SPEND ANALYSIS ON COSMETIC PRODUCTS USING ANAPLAN. International Journal of Innovative Research in Technology (IJIRT), 13(3), 1956–1960.

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