How are you tackling maverick spend?

(0) Great Not so great (0) You need to Login or Sign up to vote

Tackling maverick spend is always a challenge for companies and often procurement department struggles with the autonomy they want to give end users for managing their own spend. Especially when it come to categories like HR services etc.
As per a latest survey conducted by Supply management, 71% of respondents said that lack of oversight of employees with purchasing power outside procurement is a huge problem area.
In another survey conducted by Supply management, they asked different procurement departments on how they would like to attack this problem and the results are all over the place
Also the approach varies a lot from government to private sector. In government organizations there is  less control on managing that spend and hence procurement department tend to  focus more on providing guidelines on how to manage the spend.

You can read the full report at

Go to the link