Direct Spend Management Optimizing spend and increasing direct material availability
In the last few years since the Great Recession, organizations have attempted to optimize supply chain operations and position themselves for growth over the next 3-5 years. This includes tapping "low-hanging fruit" in the optimization journey, largely in the indirect sourcing transactional services such as logistics. Procuring "direct" material, however, seems to be a relatively untapped opportunity for organizations to continue optimizing their supply chains. Inevitably, companies can benefit significantly more by opting for an end-to-end framework rather than through incremental improvements to direct spend management processes.