Is your organization ready to take on indirect spend?

This quiz goes through some of the key procurement strategies and technology capabilities that you need to successfully tackle indirect spend. To get your grade – just answer the questions below, tally them up, and discover if your organization has what it takes.


IndirectSpendQuiz

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If you didn’t answer yes to everything, check out our educational whitepaper to learn more about integrating AI technology into your organization and see which vital procurement strategies you can implement to start driving results now.

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On-Demand: How spend analytics can help mitigate risk & surface savings opportunities

Do you know what your spend data is telling you? During the global pandemic, it has become even more important to look at your costs to evaluate risks, operating capital, and opportunities to save. Watch our on-demand webinar to learn our four-step process to attain savings. Co-hosted with , , and About Precision Metalforming Association (PMA) PMA is the full-service trade association representing the $137-billion metalforming industry of North America—the industry that creates precision metal...

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Spend Under Management Part 3 of 4

In our last post. we discussed adopting spend under management (SUM) and the first of five principles. Here are the other four: 2) Purchase through a formalized requisition to purchase order approval process. The purchasing processes of an organization should be governed by policies and procedures that are complete and enforced universally. Simply having them in place is a starting point but the key issue is enforcement. Are all the spend areas incorporated? Does my...

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