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Maverick expenditure Archives - Keystone Procurement

Procurement Strategy

Dealing with maverick procurement expenditure

Dealing with maverick procurement expenditure Larger businesses with procurement functions have outlined that maverick expenditure by non-procurmeent personnel is the biggest challenge relating to indirect procurement. There is however no apparent consensus on how to tackle expenditure that is not under the control of the procurement function. There are a…
Ross McCarthy
28th April 2015
Supplier relationship management Procurement SourcingProcurement Strategy

Supplier relationship management

Supplier relationship management refers to the formal and informal means by which businesses manage their suppliers.┬áThe suppliers each business deals with support the buying organisation in some kind of way that helps them to succeed. Notwithstanding this, not all suppliers are equally important. Businesses need to consider how tactically aware…
Ross McCarthy
5th December 2014