Maverick spending is proving to be one of the challenges facing the small and middle sized businesses in UK. It can however be viewed from an angel where it is advantageous to the company. However, when it comes to procurement, it is more of a problem than an advantage. Maverick spending is the instance where purchases are made in an organization without the procurement department being notified, or rather, being away that such kinds of purchases are taking place. It is also a practice that is usually out of the agreed contracts and poses a great risk to the existence of the business in the long run. A new research has come out to show that one third of the purchases that take place in businesses in UK occur without the knowledge of the procurement department. Some organizations even experience more than this figure and it is very challenging to do business in such kind of an environment.
