{"id":16699,"date":"2021-08-13T15:34:08","date_gmt":"2021-08-13T14:34:08","guid":{"rendered":"https:\/\/www.argonandco.com\/?post_type=whitepaper&#038;p=16699"},"modified":"2023-05-31T14:54:19","modified_gmt":"2023-05-31T13:54:19","slug":"the-value-of-indirect-procurement-white-paper","status":"publish","type":"whitepaper","link":"https:\/\/www.argonandco.com\/us\/news-insights\/whitepapers\/the-value-of-indirect-procurement-white-paper\/","title":{"rendered":"The value of indirect procurement"},"content":{"rendered":"<p><span class=\"intro\">More than ever, indirect procurement offers strong potential for gains. Companies reluctant to buy-in may find themselves at a competitive disadvantage.<\/span><\/p>\n<p>Indirect procurement, if done well, can produce big wins for organizations because it offers significant gains with relatively quick implementation. In all business sectors, indirect spend represents more than 20% of expenses. Therefore, a 10% savings is equivalent to a 2% margin. As more organizations have a significant volume of indirect services and goods in play, now is a critical time to implement a commercially assertive procurement plan.<\/p>\n<p>Successful indirect procurement strategy creates meaningful transformation in the following\u00a0categories:<\/p>\n<ul>\n<li>Services deliveries &#8211; IT SaaS and Development, Travel, Facility management, Insurance<\/li>\n<li>Intellectual services &#8211; Marketing and Advertising, Consulting, Legal, Training, Outsourcing<\/li>\n<li>Consumables &#8211; Utilities, Office supplies, Printing, PPE, Industrial supplies, Packaging<\/li>\n<li>Investments &#8211; Real estate , Infrastructure, IT equipment, Networks, Production equipment, Vehicle fleets<\/li>\n<\/ul>\n<p>While indirect procurement methods have been implemented in the manufacturing and services\u00a0sectors over the last 20 years, plans can fall short of achieving maximum potential for a few reasons. Budget issues, nominal purchasing leverage and peripheral understanding of departmental specializations can hinder return on investment. Many functional owners are reluctant to trust procurement to an outsider and, instead, carry out the entire process from start to finish.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than ever, indirect procurement offers strong potential for gains. Companies reluctant to buy-in may find themselves at a competitive disadvantage. Indirect procurement, if done well, can produce big wins for organizations because it offers significant gains with relatively quick implementation. In all business sectors, indirect spend represents more than 20% of expenses. Therefore, a [&hellip;]<\/p>\n","protected":false},"template":"","class_list":["post-16699","whitepaper","type-whitepaper","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The value of indirect procurement - Argon &amp; Co<\/title>\n<meta name=\"description\" content=\"This white paper lists the top challenges procurement specialists face and why companies failing to buy-in are at a competitive disadvantage.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.argonandco.com\/us\/news-insights\/whitepapers\/the-value-of-indirect-procurement-white-paper\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The value of indirect procurement - Argon &amp; 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