Indirect procurement refers to the acquisition of goods and services that are not directly related to the production of a company's end product but are necessary to support the business's operations. These can include items such as office supplies, IT equipment, marketing services, travel, and facility management services. Indirect procurement is also known as non-core procurement or indirect spend. Effective management of indirect procurement can help a company control costs, increase efficiency, and improve supplier relationships. Indirect procurement is an important aspect of overall procurement management, and effective management can help a company improve its bottom line.
Procurement Operating Model