When companies think about cost excellence, they often focus on direct categories – the inputs for their core products or services. But indirect spend, from IT and logistics to professional services and facilities, typically represents 20–30% of outg...
As organizations strive for greater efficiency, agility and innovation, GenAI is becoming an indispensable tool for managing the complexity of today's supply chains and procurement processes.
GenAI is reshaping professional services: automating tasks, cutting supplier costs, and opening the door to up to 45% spend savings in IT, legal, and recruiting. For procurement leaders, the time to act is now.
Unlocking competitive advantage: why indirect spend is a strat...
The retail industry faces unprecedented disruption—from inflation and geopolitical uncertainty to fragile supply chains. Amid this volatility, indirect spend has emerged as a critical yet underleveraged lever for resilience and profitability. In this...
Retail in transition: How AI can pave the way to cost savings
Retailers face rising cost pressures, yet inefficiencies in procurement and operations continue to erode margins. While direct procurement has been optimized, indirect spend—often 10-15% of total revenue—remains a hidden opportunity for savings. AI-p...
As businesses navigate financial instability and economic uncertainties, cost reduction is a top priority. While large budgets are often scrutinized, a hidden revolution is taking place in indirect spend—driven by Generative AI (GenAI).
