Agile BPI / Does Maverick Spend Undermine your Indirect Spend ? Part II

In Part I of this series, “Does Maverick Spend Undermine your Indirect Spend“, we discussed how being a maverick can sometimes be good in business, but ‘not’ when it comes to procurement. Maverick spending is a major challenge for finance professionals, with recent studies showing that, on average, one-third of all purchases in organizations are…

Read more

Agile BPI / Does Maverick Spend Undermine your Indirect Spend…? Part I

How does a Maverick affect your organizations bottom line?   Being a maverick can sometimes be good in business, but not when it comes to procurement. Maverick spending is a major challenge for finance professionals, with recent studies showing that, on average, one-third of all purchases; specifically Indirect Spend within organizations are made without the…

Read more

Agile BPI / Controlling Maverick Spend through Supplier Compliance

In past blog entries related to Maverick Spend, we’ve really only discussed spend compliance and process compliance from an internal viewpoint, but suppliers (Supplier Compliance) are also part of the equation. When buyers use spend analytics to identify non-compliance, many root causes tie back to suppliers, such as: incorrect catalog/PO pricing relative to contracts incorrect…

Read more