Unique guidance for cutting costs regardless of economic conditions—without reducing headcounts Successfully reduce costs in the area of indirect spend and watch your bottom line grow. Managing Indirect Spend provides you with the knowledge and tools necessary to get it done with an overview of: the challenges faced when sourcing indirect spend categories; strategic sourcing process; tools that can help drive savings, and examples based on real world experience. This how-to guide clearly covers specific sourcing engagements and provides the details needed to source effectively.
- Includes sections covering the process, the tools, real-world examples, guidance through specific sourcing engagements and the information needed to source effectively
- Presents guidance for achieving the object of strategic sourcing: cost reduction
- Shows how effectively managing indirect costs can provide a huge impact on bottom line growth
- Covers all areas of Market Intelligence (MI)
With tools, real world examples, and workable guidance, Managing Indirect Spend provides insider guidance for big bottom-line growth through effective management of indirect costs.
Managing indirect spend
Enhancing Profitability Through Strategic Sourcing
"We pay how much?!"
The story is the same at most companies. CEOs, CFOs, and other executives finally decide that it's time to take a closer look at what they pay for the goods and services required to keep their businesses running. It could be office, telecommunications, insurance, or marketing materials. Indirect spend— spending not directly tied to the creation of a finished product or service—can make up 40 percent or more of an organization's total expenses.
Providing tools to help drive savings as well as a step-by-step presentation of the strategic sourcing process, Managing Indirect Spend provides you with the knowledge and necessary tools to successfully reduce costs in the area of indirect spend. Based on the authors' more than 20 years of consulting experience, the processes and real-world examples presented in this book illustrate how to successfully implement cost reduction strategies for clients of all sizes, in just about every industry and in hundreds of spend categories.
Featuring contributions by notable sourcing professionals, Managing Indirect Spend offers in-depth discussion of:
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Data collection and analysis
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The best-kept secrets of procurement tools
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Little-known free technologies that help you source more effectively
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Scorecarding suppliers
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What not to do during a strategic sourcing initiative
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Office supplies and the sourcing process
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How cell-phone management drives continuous cost savings
Moving away from the status quo can be difficult, but it is not impossible. From controlling administrative costs to managing expenses for facilities, finance, marketing, and IT, Managing Indirect Spend shows you how effectively managing indirect costs can make a huge impact on bottom-line growth. Discover ways to cut corporate costs without reducing headcount with the proven guidance found in Managing Indirect Spend.
