Indirect Procurement Tips for Better Cost Savings – Cost Reduction Strategies in Procurement | SpendEdge
Why is indirect procurement important? Keeping a company thriving and growing requires more than a resilient supply chain, operational efficiency, and optimistic business plans. Every company needs to focus and invest in indirect procurement and ensure that daily... 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...
Procurement Consulting Market: All You Need to Know
Is procurement a profit center or a cost center? That’s a debate for another day. However, it is hard to ignore the fact that companies can save millions and millions of dollars in their procurement process. The savings can arise from superior supplier selection,...
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