Finding hidden value in your indirect spend

02/19/2014

Donald A. Norman, Ph.D., senior economist
A recent survey of 73 CFO, Financial and Purchasing Council members found that the awareness of the importance of indirect spend is high but that the maturity levels of related programs vary. Indirect spend encompasses a company's expenditures for items, resources and labor not directly tied to product manufacturing. Eighty-seven percent of the companies surveyed have a strategic procurement program in place. Survey

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