Indirect Spend has a material impact on a company’s profitability.
Category optimization can result in savings of 20-40% from aggregating item quantities across locations, creating larger bid packages and rigorous contracting.
To reap such savings from your Indirect Spend, companies must strategically manage the processes and people involved. Our guide breaks it down for you and covers
- Why does Indirect Spend matter?
- What does it mean and what categories does it include?
- What are some tactics for controlling costs and how to measure it?
Once you have a better understanding and appreciation for the impact of Indirect Spend, we outline a 12-step process for strategic sourcing to help you reach your goals.