Indirect Procurement Categories are a type of business expenditure that refers to goods and services that are not directly related to the production of a company’s goods or services. These categories are typically referred to as non-production or non-manufacturing related costs. Examples of Indirect Procurement Categories include professional services, office supplies, travel and entertainment, marketing, and IT services. Indirect Procurement Categories are essential for a business to function, as they are necessary for the day-to-day operations of the business. These categories are also important for a business to remain competitive in the market, as they help to reduce costs and increase efficiency. Indirect Procurement Categories can be managed through a variety of methods, such as a procurement process, strategic sourcing, and supplier management. By managing these categories, businesses can ensure that they are obtaining the best value for their money, while also reducing their overall costs. Indirect Procurement Categories are an important part of any business’s overall strategy, and should be managed carefully to ensure the best possible outcome.
