Indirect Services Procurement: The Roadmap to Success

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Executive Summary

As 2010 kicks off a new decade, North American economic markets are starting to see signs of recovery. At the same time, organizations continue to look for ways to reduce operational expenditures and provide meaningful savings, while concurrently ensuring operational and productivity efficiencies. To accomplish this, HCMWorks, an emerging leader in indirect services procurement solutions, has witnessed a greater focus on corporate indirect services expenditures. Indirect services expenditures are costs that are not directly accountable to a cost object (such as a particular function or product), and may be either fixed or variable. Some examples of indirect services expenditures include taxes, administration, personnel, and most corporately-consumed business services such as marketing, travel, and legal.

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