Author Archives: Sean Bliss, Corcentric



A Simplified Approach to Indirect Spend Management

digital

The consequences of poor indirect spend management can be costly — overspending, lack of visibility and control, and too many suppliers doing too little. Having poor visibility into your indirect categories means you have no real understanding of your actual spend, cash flow and working capital status. This can lead to an inability to apply cash to the business when needed. Additionally, CFOs often significantly underestimate indirect expenditures. The reality is the lack of visibility into what you are spending day-to-day can be up to 40% of your total spend. Here are four steps to get control of your indirect spend.