Indirect Procurement Services.
The Wild West!
This area of our spend is not significant I hear you say. However, this can equate up to 50% of company's purchases!
While you may have undertaken to optimise every Rand with Direct Spend suppliers whilst Lean Six Sigm'd the heck out of yourself on your manufacturing operations coupled with knuckling down the bolts on your supply and delivery times down to the very hour.
Indirect spend exhibits the next frontier of increased optimisation of efficiency and cost control.
Even a 5% reduction in this spend area can deliver an impact to your bottom line between 1- 3%!
So how do you go about unlocking all of this good stuff? Well luckily you have come to the right place.
Here at ThinkH we believe it really boils down to a basic four key areas (I make it sound simple):
1. Classification and detailed analysis of historical data.
2. Identifying and unlocking those illusive saving opportunities
3. Development of strategic sourcing plans for the short and long term
4. Implement
