Trends & Issues


TRACKING INDIRECT PROCUREMENT TO DRIVE VALUE

There are many reasons to start paying more attention to the indirect procurement process. A modernized, efficient indirect procurement process is a source of cost reductions, community economic growth, improved sustainability and increased profit. It also drives measurable value, using many of the same tools and metrics as direct procurement.

Indirect procurement has long been the ignored child of the procurement function, with direct procurement getting most of the attention. Yet, optimized indirect procurement can bring measurable value to the business. Realizing that value begins with a change of perception, and a willingness to invest in the resources to effici....