Brendan McVeigh

Cash register

Indirect spend (GNFR). First stop for profit improvement in retail

All retailers spend significantly on indirect spend, or Goods-Not-For-Resale. Categories such as Buildings, Installation & Fixtures, Logistics, Marketing, Facilities, IT & telecoms and Utilities can account for more than 1/7th of a retailer’s turnover and are often purchased by operational departments with no procurement support or, worse, left totally unmanaged, falling between functional responsibilities or distributed…

The changing dynamics of procurement in financial services

The changing dynamics of procurement in financial services In a manufacturing environment, ‘direct spend’ is easy to define; the goods and purchases directly incorporated into a product being manufactured or sold. Direct spend typically has a much greater procurement focus than indirect spend; it includes the spend with key strategic suppliers and high volume…