Indirect Spend Management Best Practices

Posted by Negotiatus on October 24, 2018 at 5:06 PM

Conventional wisdom has been that group purchasing organizations (GPOs) can benefit companies by streamlining indirect spend management and saving significant amounts of money. GPO advocates cite recent research that shows a majority of companies are still not using or considering GPOs, and assert that this is "leaving money on the table."

GPOs, however, are quickly becoming an outmoded concept. Developments in technology have introduced capable and easy-to-use indirect spend management software systems that can provide all the benefits of a GPO, but more efficiently and without taking away a company's flexibility in managing procurement.

 

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Topics: spend management, indirect spend