We have found that indirect spend challenges are not category specific. In fact, most indirect categories are often characterized by nebulous contract terms, multiple pricing methodologies, and high volume transactions that make a program incredibly difficult to manage.
In addition, indirect spend categories are often spread throughout an organization, making classifying and tracking more complex. Compiling indirect spend data from across your entire organization can reveal inefficiencies and opportunities for savings. For example, consolidating your operation's travel or tech support services could help your business run more effectively and increase your bottom line at the same time.
At Dryden Group, our procurement consulting team maintains an extensive database of vendor records and indirect spend statistics. Our commodity experts will help your leadership develop a long-term approach to indirect spend and benchmarking so that your business can deploy its resources into developing better products and stronger services.