indirect costs

Understanding the Impact of GNFR costs

Understanding the Impact of GNFR costs In a retail business, understanding the impact of Goods-Not-for-Resale (GNFR) costs is crucial for maintaining profitability and ensuring long-term success. GNFR costs refer to the expenses incurred on items that a business purchases for its own use, rather than [Read More]

2024-01-22T17:49:55-06:00March 2, 2023|Business Tips, Indirect Spend|

The Importance of Managing Goods Not For Resale Spend

Managing Goods-Not-for-Resale (GNFR) spend is crucial for maintaining profitability and ensuring long-term success. It is important for a retail business to develop and implement strategies to manage GNFR spend effectively.

2024-01-22T17:49:55-06:00February 2, 2023|Business Tips, Indirect Spend|

Understanding Indirect Spend Impact Upon Profitability

Understanding Indirect Spend Impact upon Profitability The majority of businesses tend to place a much greater emphasis on growing their top line rather than on reducing their costs. In terms of buying, there is that much greater emphasis on how many widgets can be sold [Read More]

2024-01-22T17:49:58-06:00November 16, 2018|Indirect Spend|

Understanding Indirect Spend

Understanding Indirect Spend In any area dealing with procurement, you will likely hear the term “indirect spend,” along with “direct spend.” You might also hear references to “indirect materials,” “GNFR,” “indirect procurement,” “overhead,” and “variable and fixed indirect costs.” It may come as a surprise, [Read More]

2024-01-22T17:49:58-06:00September 21, 2018|Indirect Spend|
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