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Knowing your indirect and direct spend procurement and why it matters?

Knowing Your Indirect and Direct Spend Procurement and Why it Matters?

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.

Mavrick Spend: 5 Ways to Tackle It and Drive Savings

Maverick Spend: 5 Ways to Tackle It and Drive Savings

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.

How to Identify Savings Opportunities: Maverick Spending

How to Identify Savings Opportunities: Maverick Spending

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.

4 Procurement Challenges That Torment Construction Companies

4 Procurement Challenges That Torment Construction Companies

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

Contract management

Contract Follow-up Is Vital for Realizing Savings

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.

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