Hi everyone,

We have already discussed indirect spending in our previous video.

So, today we are going to discuss ways to manage it.

A major component of indirect spending is the MRO supplies - Maintenance, Repair, and Operating.

Every organization loses a huge amount in indirect spending as these are seemingly small or insignificant expenses that mount to a large sum at the end of every financial year.

But before we move forward to the specifics, let's understand what spend management is?

Managing expenditures is the process of collecting, collating, maintaining, analyzing, and categorizing expenditures in order to minimize procurement costs, improve efficiency, monitor and control workflows, and ensure compliance.

Thus, watch the entire video and learn about how to manage indirect spending.

You can always reach out to us through various social media handles.

The links to all of them are below:

Facebook - [ Ссылка ]
LinkedIn - [ Ссылка ]
Twitter - [ Ссылка ]
Website - [ Ссылка ]

If you wish to request a particular topic, please fill-up this Request Form - [ Ссылка ]

Chapters:
Introduction: 0:00
Spend Management Definition: 03:00
Challenge of Managing Direct Expenditures: 04:07
Centralize Spending or Not: 05:09
Seven Steps to Manage Indirect Spend: 06:06

свернуть