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 ...

What are the most common types of procurement? Procurement stands as one of the most influential business functions in modern organizations, directly impacting both financial performance and ...

In today’s complex healthcare landscape, Chief Financial Officers (CFOs) face constant pressure to optimize resources and maximize value. While clinical excellence is still paramount, a strategic ...

The strategic importance of indirect procurement often remains underappreciated despite its considerable impact on organizational efficiency and financial performance. Effective management of indirect ...

The main types of procurement Procurement can be classified in several ways. Broadly, it can refer to what is being purchased, such as direct versus indirect procurement, as well as how the ...

Indirect procurement, meanwhile, tends toward smaller, more frequent transactions initiated by various departments across the organization. This distributed purchasing activity creates inherent ...

What is indirect procurement? Indirect procurement is the acquisition of goods and services that support general business operations rather than contributing directly to the production of final ...

This article explores why indirect spending matters and how to manage it better. Brex breaks down the difference between direct and indirect costs, shows common spending challenges businesses face, ...