Indirect, Procurement & Supplier Cost Optimisation in the Not for Profit Industry
A nonprofit organisation relies on charitable contributions to support their mission.
Nonprofits include foundations, advocacy groups, civic clubs, and social organisations. Examples of notable nonprofits are AARP and the Red Cross.
Charitable contributions decrease in tough economic times, and these groups are vulnerable to shifts in the economy, even for nonprofits with substantial endowment funds.
The health of financial markets influences investment income.
Managing expenses is a primary concern for nonprofits.
“I was surprised by the extra funds found and the unobtrusive approach not only to the British Lung Foundation but also to our suppliers.”