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GNFR Procurement

Breaking Down Indirect Spend Optimization Barriers

Breaking through Indirect Spend Barriers
Breaking Down Indirect Spend Optimization Barriers Indirect spend can represent anywhere from 20-40% of a company’s revenue, making it a huge factor to the bottom line and profitability for any organization. And while there are not many completely new challenges to managing it, there are always new ways to address the optimization and investigation of the expense. Indirect Spend Optimization Procurement optimization measures must be taken on every level of operations, but it is esp...
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The Value of Indirect Procurement Personnel

Empowered Indirect Procurement Personnel
The Value of Indirect Procurement Personnel Indirect Procurement Personnel can often be the unseen hero of the bottom line Indirect procurement personnel hold one of the most vitally important roles in a company. There is no way for a store to sell anything if they are not open for business. And indirect spend procurement savings go straight to the bottom line. Statistics show that up to 15-20% of a company’s annual revenue is wasted by a lack of control. Modern businesses that know ho...
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