Managing corporate spend is far more complex than conducting RFPs.
Learn how the most efficient and effective procurement departments
operate, control costs, enforce compliance, and manage indirect spend.
Managing Indirect Spend provides executives and procurement
professionals with the knowledge and tools necessary to successfully
reduce costs with a strong focus on the often-overlooked area of
indirect spend. It also offers great value to those procurement and
purchasing professionals aspiring to be leaders in the profession,
regardless of the spend they manage. It includes an overview of the
challenges faced when sourcing indirect spend categories, a detailed
dive into the strategic sourcing process, tools that can help drive
savings, technologies that drive efficiencies and compliance, and
examples of success based on real-world experience. It is a how-to guide
that clearly covers sourcing engagements of any complexity and provides
the details needed to source effectively. The book is structured into
sections covering the sourcing and procurement process, the tools and
technologies, examples from the field, walkthroughs of specific sourcing
engagements, guidance on building an effective sourcing team, and the
information needed to become a best-in-class sourcing organization.
Since the initial publication of this book, the procurement profession
and the discipline of Strategic Sourcing have matured. Markets have
changed, processes developed, trends have come and gone, and technology
has experienced leaps and bounds, posing new and interesting challenges
for procurement professionals. In addition to covering tried-and-true
practices for strategic sourcing, this Second Edition discusses how
strategic sourcing has evolved and provides an update on the techniques,
tools, and resources available to purchasing groups. This book:
- Includes updated coverage of everything you need to know to source
more effectively
- Covers the latest trends in procurement and sourcing, including
technology, process improvements and organizational design
- Presents guidance for reducing costs through strategic sourcing, no
matter what the economic climate or level of maturity of the existing
procurement organization
- Shows how effectively managing indirect costs can provide a huge
impact on bott
- m line growth
- Introduces Market Intelligence (MI), including techniques, tools, and
resources available to procurement and supply chain management groups
With tools, real-world examples, and practical strategies, Managing
Indirect Spend provides insider guidance for big bottom-line growth
through effective management of indirect costs.
