Indirect Procurement in 2024: Adapting to changing dynamics and maximising value

Indirect Procurement represents a significant portion of expenditure for many companies and managing it successfully can be a challenging task, requiring a keen focus on ongoing trends and potential risks. It focuses on optimising costs and supplier relationships to support overall organisational efficiency and effectiveness.

Organisations face challenges such as managing complex sourcing needs across diverse categories, maintaining regulatory compliance, and integrating procurement technologies. However, advancements in technology present opportunities to significantly improve efficiency and enhance business continuity amidst diverse market conditions.

In this lively hour-long webinar, Greg Anderson of WNS Procurement and Graham Crawshaw of CASME were joined by Justin Virden, Executive Director & Global Head of Indirect Procurement, Global Strategic Sourcing at Amgen, and Aditya Jain, Senior Director at Visa. Together, they delved into the current landscape of Indirect Procurement, covering:

The impact of rising inflation on contracts and suppliers

Labour and talent shortages in multiple industries and indirect categories

The evolving risk management dynamic and how to stay ahead

Engaging the right stakeholders to leverage support and decision-making power

Watch the full webinar to discover how we can create continuous value, optimise indirect spending, and turn ongoing challenges into opportunities.