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Interesting article from Pymnts.com. What tactics does your organization employ to reduce procurement rogue spending and help to drive spend under management?
Businesses Aren’t Sure How To Tackle Maverick Procurement
The cost of indirect spend, the materials and services that businesses need in order to operate, can add up quickly. Some research estimates indirect spend accounts for up to 50 percent of a company’s purchases. In a joint survey by Supply Management and Expense Reduction Analysts, 71 percent of procurement professionals named managing the purchasing of non-procurement employees as the No. 1 challenge to their efforts to reduce indirect spend. While procurement teams agree that so-called “maverick spending” is the problem, they are divided on how to fix it. Full article:
http://www.pymnts.com/in-depth/2015/businesses-arent-sure-how-to-tackle-maverick-procurement/#.VS0nN5NuO6H