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Are You Analyzing Your Indirect Spend This Year?
- May 12, 2016
- Posted by: admin
- Category: Secrets of Hidden Profit
No CommentsMost organization leaders pay close attention to what they’re spending on direct costs such as materials, payroll, and production systems. Your production managers are probably working on some aspect of direct-cost spend management right now. However, your team might not be as concerned with what you’re spending on indirect costs — essentials that keep your
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What Is the True Opportunity Cost of Spend Analysis?
- May 3, 2016
- Posted by: admin
- Category: Secrets of Hidden Profit
Spend analysis is one of those projects that gets put off, sometimes indefinitely. This is especially true when it’s time to review indirect expenses — the costs related to maintaining and running your business — such as printing, IT, telecom, and even waste management. Why is that? If you can save your company hundreds of