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indirect spend

Understanding the Value of Using 3PL for GNFR

3PL organizing their facility to service a retailer's changing needs
Understanding the Value of Using 3PL for GNFR 3PL organizing their facility to service a retailer's ever changing needs. Third-party logistics services (3PLs) are often used by big companies for nearly all of their logistics needs. However, 3PLs today have taken on a lot more responsibility for their customers than when they first came into existence. Due to their inherent flexibility to expand and contract, 3PLs have become a popular choice to manage GNFR storage and freight costs. Wh...
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Understanding the Importance of Controlling Supplier and 3PL On-Time Delivery for Indirect Spend

Taming the beast of Indirect Spend
Understanding the Importance of Controlling Supplier and 3PL On-Time Delivery for Indirect Spend Controlling On-Time Delivery (OTD) of GNFR purchases is a major means to protect and safeguard the enterprise’s valuable capital. Late deliveries and failures to deliver can negatively impact operations and prevent the on-time completion of mission critical projects resulting in huge losses. Gaining control of On-Time Delivery to mitigate these risks is critical. What Is On-Time Delivery C...
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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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Understanding the Value of Gaining GNFR On-Time Delivery Control

On Time Delivery Visibility
Understanding the Value of Gaining GNFR On-Time Delivery Control Complete transparency in the entire acquisition process is the best way to operate so that companies can readily track errors and spending habits that may be inhibiting profit. But how does this work? What Is On-Time Delivery and Where Does Visibility Come into Play? On-Time Delivery (OTD) is a metric in which the supplier delivers the complete order to the right location, at just the right time. An On-Time Delivery C...
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Understanding GNFR’s Spend Impact Upon Revenue

Understanding GNFR’s Spend Impact Upon Revenue Revenue growth through building infrastructure GNFR spend is an area of supply chain management that often does not receive the attention it deserves. This is most likely due to the fact that its effects are difficult to connect directly to revenue. But this oversight is what can greatly affect a company’s bottom line by cutting drastically into profit margins. It’s a crucial area of spending that savvy organizations are starting to hone in ...
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