Maverick spending occurs when purchasing agents within a single organization skip the preferred vendor list and help themselves to their supplier of choice. While many companies recognize the obvious financial impact - which is not leveraging purchasing power - a less obvious effect is making it's course through the organization, that is, losing customers over declining brand consistency.
Choose a preferred supplier (either one or a few) in each category of spend and you will most likely see 10% to 12% savings instantly just from committing to one supplier. Furthermore, by dealing with fewer (but preferred) suppliers, there is less work and less time involved in moving to an automated, paperless Purchase-to-Pay process.
The other benefit to eliminating Maverick Spending is gaining back brand consistency. By choosing a preferred supplier, your organization is ensured that it's purchasing agents are buying the same products. This is especially important to retail chains, restaurants, entertainment venues, and health spa (to name a few) where the end customer needs to have a consistent experience no matter what retail location they choose.
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