To manage today's highly volatile commodity markets and risk-prone global supply chains, companies are looking for more savings and overall operational efficiency, forcing procurement organizations to think differently. For many companies indirect procurement offers a source of untapped savings and opportunity to increase business impact. Traditional sourcing and transactional buying approaches, however, were not designed to manage the highly distributed and widely varied nature of indirect goods and services.
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To manage today's highly volatile commodity markets and risk-prone global supply chains, companies are looking for more savings and overall operational efficiency, forcing procurement organizations to think differently. For many companies indirect procurement offers a source of untapped savings and opportunity to increase business impact. Traditional sourcing and transactional buying approaches, however, were not designed to manage the highly distributed and widely varied nature of indirect goods and services.