A playbook for finding savings and expanding value Despite the fact that it can make up as much as 15% of the annual revenue for most businesses, indirect spend is often viewed as merely a back-office function. What’s more, ignoring indirect spend could lead to missing out on its hidden savings potential. In this guide, procurement leaders will discover how to optimize indirect spend in order to impact their organization’s bottom line. What you’ll learn:...
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If you work in indirect procurement, you’re definitely familiar with the problem of imperfect procurement data. Data that’s “imperfect” is unstructured, incomplete, or inaccurate, and is a result of any number of factors – including multiple ERP systems that don’t communicate with each other, widespread locations that operate independently, and people not following the correct process. When you have imperfect data, it’s impossible to accurately understand how your organization is doing or discover ways you...