INDIRECT PROCUREMENT A TREASURE TO UNLOCK
We seek to reduce the cost of indirect procurement, accelerate sourcing cycle times, improve vendor management and increase spend visibility. Managing long tail spend is a tall order for many procurement teams.
YOUR SINGLE CREDITOR
The number of Tail Spend items will typically vary widely. A turbine manufacturer might have over 130,000 such items while a bank will have much less. By its volume and complexity, most procurement functions devote little attention to managing tail spend. Typically, this will involve vast number of transactions, many product categories and significant largely anonymous supplier base. This level of complexity requires a lot of resources which most sourcing functions don’t have. Additionally, Tail items are not a priority. They are usually procured only 2 to 3 years, so they are often overlooked during discussions with suppliers. Sourcing managers usually focus more instead on the strategic spend; the 20% of suppliers that account for 80% of total Spend volume. Using a professional company with demonstrated performance record for handling Tail Spend can eliminate the entire challenge, it does cut costs, optimize savings and provide better economies of scale.
Cease expanding the vendor list
With over 125,000 products across sectors, we are a reliable partner in managing your indirect sourcing needs.
SAVE A OVER 21% ON INDIRECT SOURCING COST
Replace your large group of C suppliers with a single creditor with the competence and performance history to deliver savings – Single Creditor.
One point of contact, one invoice to process, one payment term – simple to manage.
DIGITIZING YOUR INDIRECT SOURCING
The single tool for your entire indirect procurement, access to an endless list of products. This can be customized to your specification.
GAINS IN OUTSOURCING INDIRECT PROCUREMENT
- Have control over the indirect sourcing process.
- One contact for all issues arising in the process.
- Creates time for strategic procurement.
- One supplier managing several for you – Single Creditor.