No – indirect spend and indirect procurement are the same thing. The only difference is that “indirect spend” refers to the portion of a procurement team’s total spend that goes towards purchasing goods or services as described above, while “indirect procurement” is the act of sourcing and making those purchases. In the same way, “direct spend” is the process of “direct procurement.”
While indirect spend is for the day-to-day operations of a company, indirect procurement doesn’t add to a company’s bottom line, except for the amount of savings that can be achieved through strategic sourcing or an indirect spend GPO.