Indirect Procurement - Key Aspects

What is Indirect Procurement?

Indirect procurement is the process of acquiring goods and services that are essential for the day-to-day running of the business but are not directly incorporated into the final products. Examples include travel management services, consultants, maintenance repair and operations (MRO), and hardware and software related to IT services.

Indirect procurement can be optimized through automation that enables businesses with various benefits including cost saving, spend visibility, compliance and risk mitigation, and improved supplier relationships.