Indirect spend often accounts to 50% or more of a company’s total purchases
and are characterized by large supplier base, low volume purchases and a
diverse stakeholder spread across the organization. With almost two-thirds of
procurement organizations influencing less than 70% of indirect spend, gaining
influence over indirect spending will be the key to achieving sustained or increased savings contributions for most procurement groups. In this blog I will be sharing some of the key measures procurement groups can
adopt to tame their indirect spend.
Thursday 27 August 2015
Monday 17 August 2015
Value of Managing Supplier Relationship and its Benefits
Authored by Usama Shahid
Mostly I have analyzed that most ignored part of any
strategic sourcing is managing relationship with supplier. Many times, the
sourcing endeavor goes through a tremendously detailed and laborious process of
vendor selection only to disband the team or not fully cultivate the
relationship on both sides of the desk. Why is this step so important??
- To gain the significant savings from Continuous Improvement
- Innovation of Suppliers
Wednesday 12 August 2015
Reduce Supply Risk through eSourcing
Authored by Khizar Farooq
Rise of supply risk is nothing new for sourcing specialists.
In late 19th century corporations rapt off from vertical integration
as common practice, lead manufacturers an service providers to crucial business risk due to external supply related
issues.
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