Another great episode of ProctoCast for you today, this time examining the prickly issue of how to get indirect procurement savings recognised by finance.
Reporting savings on direct materials is easy because most companies use Purchase Price Variance, or PPV.
On indirect, as we know, it's not that simple. Especially if spend is not repeatable, or it's scattered around multiple areas of the business.
My guest today, Pauline King, has worked for many years with the "dark side" i.e. our colleagues in Finance.
She is joining me today to share practical methods for procurement pros to use, in order to get Finance's buy-in to the contributions we make on indirect savings.
Listen in to hear Pauline's simple but effective method to evaluate how to approach indirect savings discussions with CFOs and senior financial controllers.
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