King-Sized: Innovative Ways to Deliver a 50% Reduction in Indirect Spend
Indirect spend offers a king-sized untapped opportunity for manufacturing and non-manufacturing companies to dramatically cut costs, reduce maverick spend, rationalize suppliers and streamline procurement processes. Procurement leaders who adopt holistic and innovative approaches to managing indirect spend can deliver up to 50% reduction on indirect spend to their business all while creating a competitive advantage. Further, procurement leaders can deliver value beyond savings by improving control, lowering risk, conserving cash, enabling agility and facilitating innovation.
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Indirect spend offers a king-sized untapped opportunity for manufacturing and non-manufacturing companies to dramatically cut costs, reduce maverick spend, rationalize suppliers and streamline procurement processes. Procurement leaders who adopt holistic and innovative approaches to managing indirect spend can deliver up to 50% reduction on indirect spend to their business all while creating a competitive advantage. Further, procurement leaders can deliver value beyond savings by improving control, lowering risk, conserving cash, enabling agility and facilitating innovation.