High-tech companies can spend upwards of 27% of revenues on indirect, or non-product, goods and services. Yet the complex nature of this spend – involving hundreds of unique supply markets, each requiring specialized knowledge – and the fragmented way in which it is purchased, make managing it an incessant challenge. Understandably, most companies have focused their procurement investments on their core direct materials. But without deep expertise, market intelligence and specialized technologies across the array of categories and processes, significant opportunities to optimize this spend by extracting value and innovative solutions from suppliers are lost.
27% of High Tech company revenues go to indirect, or non-product purchases
Procurian helps High Tech leaders capture this missed opportunity to extract more value from their indirect spend, improve organizational agility and generate funds that can be reinvested in innovation and growth.
As procurement specialists, we saw the need for an infrastructure dedicated to optimizing all indirect spend on a global basis. When we couldn’t find it, we built it. The result? Our Specialized Procurement Infrastructure™, a new and transformational approach to procurement that is being deployed by technology leaders to optimize spending, enable agility, and drive savings and supplier innovation to fuel growth.