Indirect Purchasing is a term used to describe the process of procuring goods and services that are not directly related to the production of a company’s core products or services. This includes items such as office supplies, furniture, travel expenses, marketing materials, and other miscellaneous items. Indirect Purchasing is a critical component of a company’s supply chain, as it helps to ensure that the company has the necessary resources to operate efficiently and effectively. By having a well-defined and managed indirect purchasing process, companies can ensure that they are getting the best value for their money, while also reducing the risk of overspending. Additionally, indirect purchasing can help to improve a company’s overall efficiency, as it can help to reduce the amount of time spent on procurement and inventory management. In short, Indirect Purchasing is an important part of any business, and having a well-defined process in place can help to ensure that the company is able to maximize its resources and get the most out of its purchases.
