A practical guide for CFOs and finance leaders who want to find the indirect spend nobody has tested, trace savings to the invoice and add procurement capability without adding headcount.
Part of the SmartBuyer Procurement Guide Series.
Indirect spend makes up a large share of the cost base in most businesses, yet much of it has never been competitively sourced. Savings that are identified on a slide rarely reach the P&L, because they were never measured to invoice and the baseline was never agreed with finance.
This guide gives you the questions worth asking, four tests to apply before you fund any procurement work, and a way to buy specialist capability that finance can stop as easily as it starts. It reflects what experienced procurement specialists have learned sitting across the desk from finance.
If any of these describe you, this guide will earn back its 15 minutes.
Most finance teams are asked to fund procurement roles, consultancy engagements and cost programmes without a clear way to test them. This guide gives you the numbers and tests to ask for first.
This guide reflects the experience of senior procurement specialists who have worked alongside finance directors, not theory. They are part of a Network of 500+ specialists who deliver sourcing, renewals and cost-out projects every day.
