During a recent webinar, our Chief Strategy Officer, Steve Griffiths, shared a simple 3-step process for identifying maverick spend. Read on or watch the short clip below to learn what this process is! If you want to learn more about maverick spend, you can watch the full webinar here!   Related: Why is maverick spend a problem for procurement organizations (and when is it not)? In a traditional way, if you want to get your hands around...

Technology innovations, especially those driven by advancements in consumer buying, social technology, and big data management, can now be applied to pull together the complex web of suppliers, intangible deliverables, and inconsistent pricing and processes of indirect spend. These readily available technologies can meaningfully simplify the buying experience while optimizing other aspects of indirect spend cost such as supplier fees, terms and conditions, performance specifications, and performance management. If executed correctly, optimizing indirect spend adds...