As organizations look for ways to get more efficient and improve operations while also cutting costs, there is growing adoption of strategic sourcing of indirect procurement. It makes sense since indirect purchases are a large portion of total costs.
By Sherry Bloom

Direct procurement is the act of finding and buying the raw materials and goods that are used for the production of goods and services. Indirect procurement is everything else purchased to keep the business up and running, often accounting for as large a pool of expenditures as direct purchases. It includes things like office supplies; insurance; equipment repairs; and a host of services, inc....