10 Key Measures to Manage Indirect Spend
50% or more of a company’s total purchases are accounted to indirect spend. These spend are characterized by large supplier base, low volume purchases and a diverse stakeholder base throughout the organization.
Currently almost two-thirds of procurement organizations influence less than 70% of indirect spending.
Thus organizations have long way to go to tame the indirect spend. This whitepaper gives you 10 key measures to manage your indirect spend in 2015.