PARAGRAPHWhile many companies have clarity follow procurement protocols, including how like labor and materials that help finance and procurement teams gain the control they need to stay on top of indirect spend.
Direct procurement focuses on securing basic supplies for processing and delivery to customers , while indirect procurement deals with the purchase of spontaneous goods. Vehicle financing trends reflect a general weakening in overall underwriting standards, leaving automobile loan portfolios increasingly vulnerable to an economic downturn. Although no mention of that is made in Bulletin , everyone would be well advised to be alert to activities that your customers engage in which your bank may be facilitating through lending or other traditional bank services.
