Companies are always looking for ways to save money. They may have already cut costs in areas like manufacturing and shipping. Now, they're turning to a hidden area where they can save more money ...

Perhaps the most visible procurement metric, cost savings measures the financial impact of indirect procurement initiatives relative to established baselines. This metric requires careful definition ...

Unlike direct procurement, which involves purchasing materials that become part of the finished product, indirect procurement entails the supporting cast of resources that enable a company to function ...