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Who should attend?
This webinar is for manufacturers, managers and stakeholders who are passionate about agility and transparency across the supply chain and procurement.
What is the webinar about?
For manufacturers, barriers to acquiring supplies can significantly impact operations, potentially resulting in delayed output in the worst circumstances. To overcome these obstacles, individuals sometimes bypass standard purchasing processes and procedures; a phenomenon that is known as “rogue spending”.
Rogue spending, also referred to as tailor maverick spending – sometimes even dark purchasing – occurs in many businesses. It relates to unmanaged, uncontracted, and non-compliant expenditure that occurs outside of procurement mandates, contracts, or policies.
When unauthorized or off-policy expenditures occur, they evade the scrutiny of established tracking and reporting systems. Such activity clouds the organization's true spending habits, casting a shadow over an organization's financial transparency.
Without full visibility, decision-makers struggle to discern patterns, identify inefficiencies and/or allocate resources effectively. The result is a fog of financial uncertainty, hindering strategic planning, budget adherence and risk management.
But how big a problem is rogue spending among manufacturers? And how can organizations regain clarity and foster an environment of agility and transparency across suppliers and procurement?
Discover:
Sign up to access our State of Rogue Spending in Manufacturing 2023 webinar to find out more.
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