oboloo

oboloo Glossary

Indirect Spending

oboloo Glossary

Indirect Spending

Indirect spending is an important part of any business, as it is the money spent on goods and services that are not directly related to the production of a product or service. This type of spending can include things like office supplies, utilities, travel expenses, and other overhead costs. Indirect spending can also include marketing expenses, such as advertising and promotional materials. It is important to track indirect spending in order to ensure that it is not exceeding the budget and that it is being used in the most efficient way possible. Additionally, tracking indirect spending can help a business identify areas where it can save money and improve efficiency. By understanding the types of indirect spending and the associated costs, businesses can make better decisions about how to allocate their resources and ensure that their budget is being used in the most effective way.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971