Inside Supply Management Magazine

January/February 2023

A Novel Approach to Managing Indirect Spend

January 11, 2023

Smart consumption methodology and its five pillars can help companies achieve sustained results by capturing impactful savings and embedding behavioral change into the organization.

By Frank Palmer, Tom Rapp, Dan Belz, Bob Tevelson, Tyler Vigen

Amid economic uncertainty, companies across industries are facing margin pressure and must make cost control a strategic priority. Managing external spend effectively — in a targeted way that mitigates disruption to the business — is not only a critical driver of bottom-line impact, but also a source of funding to support priority growth initiatives. 


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