Indirect Procurement – Does it Offer Cost Saving Opportunities?

Indirect Procurement – Does it Offer Cost Saving Opportunities?

Indirect procurement, usually referred to as indirect spend, represents the purchasing of goods and services that are imperative for day-to-day operations of companies. Although it is invisible compared to direct spend, it usually accounts for 20% of the company’s total expenses. This is a huge number, especially for companies looking to reduce costs on a sustained basis to [...]

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