With annual indirect-materials spend of $58 billion, Intel was finding it increasingly difficult to assess the terms and conditions that made up more than 15,000 “legacy” contracts with 650 suppliers.

The advent of AI-powered indirect spend efficiency also aligns with wider impetus for autonomous technologies to replace outdated, inefficient business processes. Many CFOs are adopting a self-service ...

Indirect spend affects operational efficiency, employee productivity, and overhead costs. Procurement focus: Direct procurement concentrates on supply continuity, quality assurance, and cost reduction ...

Indirect spend affects operational efficiency, employee productivity, and overhead costs. Procurement focus: Direct procurement concentrates on supply continuity, quality assurance, and cost reduction ...

In many respects, indirect spend is the neglected pet of a procurement organization, no one individual or entity is paying attention to the category. Or, as a commodity manager for a U.S.-based ...

Indirect spend affects operational efficiency, employee productivity, and overhead costs. Procurement focus: Direct procurement concentrates on supply continuity, quality assurance, and cost reduction ...

Indirect spend affects operational efficiency, employee productivity, and overhead costs. Procurement focus: Direct procurement concentrates on supply continuity, quality assurance, and cost reduction ...

How a Web-based solution can keep indirect-materials spend in check. We've all done it. We've bought indirect supplies without thinking about cost, let alone who is the best supplier. It seems ...

Indirect spend affects operational efficiency, employee productivity, and overhead costs. Procurement focus: Direct procurement concentrates on supply continuity, quality assurance, and cost reduction ...

Understanding the difference between direct costs and indirect costs is crucial for anyone running a business. This knowledge helps in accurately tracking expenses, setting prices, and maximizing tax ...

Brex breaks down the difference between direct and indirect costs, shows common spending challenges businesses face, and shares proven methods to take control of these expenses.

Indirect spend affects operational efficiency, employee productivity, and overhead costs. Procurement focus: Direct procurement concentrates on supply continuity, quality assurance, and cost reduction ...