Companies are always looking for ways to save money. They may have already cut costs in areas like manufacturing and shipping. Now, they're turning to a hidden area where they can save more money ...

A functional and cohesive procurement policy is vital to improving profitability. While clear standard operating procedures are important, it takes more to create efficiencies. The procurement ...

The strategic importance of indirect procurement often remains underappreciated despite its considerable impact on organizational efficiency and financial performance. Effective management of indirect ...

Addressing the challenges of indirect procurement requires a strategic and disciplined approach to bring structure to these often unmanaged expenditures. The following strategies represent proven ...

Indirect procurement, meanwhile, tends toward smaller, more frequent transactions initiated by various departments across the organization. This distributed purchasing activity creates inherent ...