Managing Indirect Spend

Since the release of the widely read First Edition of Managing Indirect Spend , the procurement profession and the discipline of strategic sourcing have dramatically and permanently matured. Technology especially has undergone fundamental changes that create new and urgent challenges for procurement professionals. The thoroughly revised Second Edition of Managing Indirect Spend: Enhancing Profitability through Strategic Sourcing offers readers the opportunity to get a firm handle on the knowledge and tools necessary to successfully reduce costs in the area of indirect spend. It includes an insightful exploration of how strategic sourcing has evolved in the last ten years and gives an update on the techniques, tools, and resources available to purchasing groups. The book delivers an overview of the challenges faced by companies when sourcing indirect spend categories, as well as summaries of the strategic sourcing process, descriptions of the tools that can help increase savings, and fulsome examples, based on real world experience, of companies that have reduced expenditures and increased profitability using the techniques explained in the book. Managing Indirect Spend also includes sections that will guide the reader through the sourcing process, introduce new technologies that have revolutionized the procurement profession, and explain how to properly build and manage an indirect procurement team. This how-to guide shows procurement professionals how to reduce costs through strategic sourcing and implement world class policies, processes, and tools, regardless of their procurement maturity, the economic climate they find themselves in, the size of the spend they manage, or the level of maturity of their organization. Perfect for CEOs, CFOs, CIOs, and other executives at small-, mid-, and large-size companies, Managing Indirect Spend is also an invaluable resource for supply chain managers, distribution managers, and purchasing managers who need to reduce costs in the area of indirect spend and require a concise and effective strategy to accomplish that goal.