Oprah Winfrey has saved many friendships, careers and even lives throughout her reign as the most beloved celebrity. But, not even Oprah can reach the savings potential of indirect spend. Often overlooked and improperly managed, indirect spend offers today’s smart procurement professionals a greater opportunity to strategically manage complete business spend.

“The importance for indirect spend has been recognized in most organizations, with the traditional needs of customer service, cost management, process improvement, and supplier relationships coming to the forefront,” shares Rich Weissman in his article Why indirect spend is the next frontier for supply chain cost savings, writing for SupplyChainDive.

Wondering how your organization can uncover savings? Check out Weissman’s article and find what’s missing from your business wallet. Connect with us on LinkedIn & Twitter.

By: Tara Ann Neville