Reduce Costs While Managing Risk – Enhancing Visibility of Indirect Spend

Indirect third-party services spend is on the increase as organisations choose to outsource in an effort to manage labour costs and broaden their competitive offering.

This category of spend includes many complex services such as temporary labour and professional services or outsourced services, such as IT, marketing, printing, mail, transport and travel, and can represent between 30% and 50% of overall corporate procurement costs. Despite this, maverick spend is still common and there is poor control of statement of work or contractual terms, which often results in lost savings opportunities.

Speakers on this webcast include Lone Koch, strategic sourcing manager at the LEGO group, who is putting in a new framework for managing consulting spend at the Danish company, Neil Deverill, the former CPO of Anglo American and Philips and Karen Merrill, an expert in contingent labour and indirect services procurement at Emptoris.

The webcast will guide you through:

• Identifying the untapped savings that can be achieved by introducing greater control in services spend;
• Implementing best practices to manage indirect services spend as well as reduce supply risk;
• How to ensure the savings you achieve are sustainable.

Improving control of indirect services spend can provide a huge opportunity for CPOs to make an immediate impact on bottom-line savings. This webinar will share some best practice to help procurement leaders improve.