Companies are always looking for ways to save money. They may have already cut costs in areas like manufacturing and shipping. Now, they're turning to a hidden area where they can save more money ...

Unlike direct procurement, which involves purchasing materials that become part of the finished product, indirect procurement entails the supporting cast of resources that enable a company to function ...

Indirect procurement encompasses a broader supplier base with more transactional relationships, though certain categories like information technology services may develop into deeper partnerships when ...