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Indirect Procurement: Why It Gets Mismanaged and How to Fix It

ivalua

While juggling decentralized requests, surprise renewals, and one-off contracts, enforcing policy and staying on budget is no easy feat. However, when left unchecked, mismanaged indirect procurement can cost a lot of money, pose audit risk, and a lack of transparency into who’s buying what – or why.

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The Changing Landscape of Supply Chain Innovation!

Supply Chain Game Changer

Subscribe The Supply Chain Renaissance Has Begun! Supply chain management in the U.S. From blockchain to robotics, these innovations are reshaping the way supply chains function. From blockchain to robotics, these innovations are reshaping the way supply chains function.

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Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations.

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Types of Supply Chain Reports: Definition and Benefits

SCMDOJO

Supply chain reports offer a comprehensive view of your entire supply chain operation. What are Supply Chain Reports? However, identifying and addressing slow-moving and obsolete inventory is necessary to prevent capital from being tied up in unproductive assets.

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How Custom Logistics and Transportation Platforms are Defining the Future of Supply Chain!

Supply Chain Game Changer

The Supply Chain Renaissance Has Begun! Emerging from the shadows of standard methods, custom logistics and transportation platforms are shaping the future of the supply chain industry. They provide real-time tracking and data analytics capabilities.

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How to Minimize Supply Chain Disruptions!

Supply Chain Game Changer

The Resilient Supply Chain! Supply chains are believed to be the backbone of your business operations. Supply chain disruptions are unpredictable but can be controlled. There’s no supply chain immune to the disruptions. Technology advocates for automation of the supply chain processes.

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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.