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Did you know that every time you make a purchase for your business, it falls into one of two categories? Direct spend and indirect spend are different ways to categorize the purchases you make for your business. Read on ahead to learn how each affects your business.

As maverick spending, or rogue buying, can account for up to 80% of a company's total spend, the inherent savings potential is often substantial. We have shared five steps to help you to get control of your maverick spend.

Maverick spending is probably a well-known problem for most organizations and procurement professionals. Let's look at how you can utilize procurement analytics to identify such challenges.

Many construction companies are still in the stone age when it comes to strategic procurement – despite its massive influence on the business.

Managing your contracts and improving compliance is essential to ensure that savings are realized. It also drives supplier collaboration and helps avert conflicts during the contract period.