Retail Executive’s Guide
Boosting Retailer Return-on-Sales Through Effective NFR Expense Management
Reduce NFR Spend by 6-10% & Increase Margins by 90-150 Basis Points.
At many retailers, indirect procurement of goods and services in not-for-resale (NFR) categories does not receive the focus it deserves. Fortunately, the journey to effective NFR expense management can often be measured in quarters, not years, and the ROI is compelling. In this guide, we will share four best practices for retail executives to reduce their NFR spend by 6-10% and increase margins by 90-150 basis points.
“We selected Insight Sourcing Group as a strategic partner to deliver EBITDA improvement as a key component of our company-wide business strategy. They worked hand-in-hand with our senior-level stakeholders and were able to drive $22MM in annual recurring savings. The success of this partnership elevated Procurement’s role within our organization.”
Head of Global Procurement
Fortune 1000 Retailer