Is your "cost of doing business" actually costing you millions? For most organizations, managing indirect expenses is not a core competency, yet these overlooked goods and services typically consume more than 20% of total revenue. By tackling indirect spending head-on, you can drive 10%+ savings against an expense base totaling hundreds of millions–or even billions of dollars. But how do you achieve this? We’ve identified five key areas of competencies to get you started on the path to procurement excellence. Download our guide and learn more about how to optimize your indirect spend to drive real results for your business: https://lnkd.in/gsmXW5zW #indirectspend #procurement #costoptimization #businessgrowth
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At LogicSource, Inc., we don't believe that organizations looking for cost-savings should start by paying for advice. That's why we start every client engagement with our self-funded Mutual Value Assessment (MVA), a deep dive into your resources, processes, systems and supply chain. And we do it all at no cost or obligation to the client. Visit https://lnkd.in/ebkaPdji to find out how we help companies become more profitable day in and day out. #Procurement #MVA #Assessment
Is your "cost of doing business" actually costing you millions? For most organizations, managing indirect expenses is not a core competency, yet these overlooked goods and services typically consume more than 20% of total revenue. By tackling indirect spending head-on, you can drive 10%+ savings against an expense base totaling hundreds of millions–or even billions of dollars. But how do you achieve this? We’ve identified five key areas of competencies to get you started on the path to procurement excellence. Download our guide and learn more about how to optimize your indirect spend to drive real results for your business: https://lnkd.in/gsmXW5zW #indirectspend #procurement #costoptimization #businessgrowth
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By tackling indirect spending head-on, you can drive 10%+ savings against an expense base totaling hundreds of millions–or even billions of dollars.?
Is your "cost of doing business" actually costing you millions? For most organizations, managing indirect expenses is not a core competency, yet these overlooked goods and services typically consume more than 20% of total revenue. By tackling indirect spending head-on, you can drive 10%+ savings against an expense base totaling hundreds of millions–or even billions of dollars. But how do you achieve this? We’ve identified five key areas of competencies to get you started on the path to procurement excellence. Download our guide and learn more about how to optimize your indirect spend to drive real results for your business: https://lnkd.in/gsmXW5zW #indirectspend #procurement #costoptimization #businessgrowth
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Excited to share insights on the importance of indirect procurement in today's business landscape! Indirect spend often flies under the radar, but it's a critical component that impacts bottom lines and operational efficiency. From office supplies to IT services, managing indirect procurement effectively can unlock significant cost savings and streamline processes. Let's dive into strategies, trends, and best practices to optimize your indirect procurement function and drive greater value for your organization. #IndirectProcurement #CostSavings #OperationalEfficiency #SupplyChainManagemen
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Discover valuable insights on managing direct and indirect spend with Velocity Procurement. Check out our latest post on LinkedIn for expert advice and tips. #procurement #businessinsights
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Many organizations struggle with unmanaged in-direct spend, lacking a dedicated procurement team to oversee it. This oversight can lead to costly consequences such as lack of expenditure visibility, unnecessary overspending, and cash outflow. Is your organization effectively managing its in-direct spend, or is it an unmonitored expense category that could be draining resources? #Procurement #BusinessExpenditure #CostManagement
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Unlock key strategies for managing direct & indirect spend with Velocity Procurement. Our latest LinkedIn post offers expert advice & tips. #procurement #businessinsights
Velocity Procurement's Insight on Direct and Indirect Spend | Velocity Procurement posted on the topic | LinkedIn
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Unlock key strategies for managing direct & indirect spend with Velocity Procurement. Our latest LinkedIn post offers expert advice & tips. #procurement #businessinsights
Velocity Procurement's Insight on Direct and Indirect Spend | Velocity Procurement posted on the topic | LinkedIn
cvsoci.al
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Transformational Leader in B2B & C-Suite Strategy | Focused on Driving Growth & Efficiency
Unlock the power of spend analysis to elevate your procurement journey. Let's bridge those gaps together! #Procurement #SpendAnalysis #StrategicGoals #Efficiency
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Procurement Strategies & Processes | Buying & Planning | Vendor Management | Technology
Discover valuable insights on managing direct and indirect spend with Velocity Procurement. Check out our latest post on LinkedIn for expert advice and tips. #procurement #businessinsights
Velocity Procurement's Insight on Direct and Indirect Spend | Velocity Procurement posted on the topic | LinkedIn
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