Indirect spend, which accounts for around 35 to 45 percent of a company's overall spend, has become a major headache for most of the category managers. Optimizing one’s indirect procurement could result in considerable savings -- but what’s the best approach?
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We ran a poll among users of Beroe LiVE, a community of thousands of procurement decision makers, to find out an organization’s average spend as percentage of revenue for categories such as Logistics, Warehousing and Marketing.
The most important challenges are the availability and integrity of the data and its true level of granularity and completeness—these points were raised by many non-data-ready organizations who considered themselves not to be ready for a spend analytics solution.
The white paper discusses best practices such as supplier consolidation, outsourcing services, and inventory management.
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