The Dare: Make visibility into your indirect spend a corporate priority
The Mission: Elevate indirect spend to the next level of strategic management
The Opportunity: Deliver visibility into indirect spend to drive value and maintain compliance
Direct material, advertising, strategic consulting, financial audit and outsourced services command the most attention because the other niche categories and suppliers only account for 20 percent of your total spend. Yet focusing on the 80 percent (known as the Pareto Principle) has left a management oversight gap.