Managing Indirect Spend: Enhancing Profitability Through Strategic Sourcing

The story is the same at most companies. CEOs, CFOs, and other executives finally decided that it’s time to take a closer look at what they pay for the goods and services required to keep their businesses running. It could be office, telecommunications, insurance, or marketing materials. Indirect spend – spending not directly tied to the creation of a finished product or service – can make up 40 percent or more of an organization’s total expenses. This benchmark resource provides you with the knowledge and tools necessary to manage indirect costs, with clear guidance informed by the authors’ more than 20 years of experience as cost-reduction consultants. Inside, you’ll find the tools and techniques you need, an overview of the sourcing process, and helpful case studies based on actual experiences to help you source more effectively. Successfully reduce costs in indirect spend procurement categories and watch your bottom line grow with this step-by-step manual of best practices.