Tail Spend Software and its working
February 25, 2018Tail Spend Software is useful software for the management of Tail Spend in Porcurement / Sourcing or Supply Chain (Tail Spend Solutions). It is a useful tool for the management of low value spend / purchases in a organization. Simfoni provides Tail Spend Software, Spend Analytics & Tail Spend Management solutions that enhance operational improvement through the deployment of apps and analytics.
Why Mid-Size Companies Need On-Demand Solutions to Conquer Tail Spend
February 18, 2018Procurement has firmly entered the tail spend era, and with necessary tools now available to tackle this persistent purchasing problem, supply organizations are finally consolidating costs, cracking down on unauthorized spend and clawing back lost time to deliver real value to their businesses. At least, that’s what the picture is starting to look like at large manufacturers and corporates.
Supply Chain Visibility starts here! – Savings Management
December 7, 2017When we talk about Supply Chain visibility, you may be thinking about some complex data analysis tools, methods, visualization or even insights. No, in this article, we are talking about something even more fundamental, the classification of products or services which sets the foundation for supply chain visibility.
Simfoni Tail Spend team delivers OS&E packages for the Louvre Abu Dhabi Museum
November 9, 2017Simfoni Tail Spend managemnt team of professionals were given responsibility to source a wide range of Operational Supplies and Equipment (OS&E) and Furniture Fittings and Equipment (FF&E) for the new Louvre museum in Abu Dhabi, which opens its doors to the public on the 11th November, 2017.
What is the Difference Between Spot Buying and Tactical Buying Within Tail Spend Management?
October 10, 2017Continuing on in this series about how organizations can better manage tail spend, we are now turning our attention to spot buying and tactical buying. Is there a difference between these two terms, or are they one and the same...
How Important is Catalog Procurement in the Management of Tail Spend?
September 25, 2017So far in this series, we have discussed the importance of tail spend and the implications of managing it badly, and what well-managed tail spend looks like. This time around, we will consider whether procurement catalogs have an important role to play...
What Does Well-Managed Tail Spend Look Like?
August 18, 2017In our previous post, we discussed why tail spend is important, as well as the negative impact poorly managed tail spend can have on an organisation. Obviously, a well-controlled procurement “tail” is important and will have a beneficial effect on...
Does Tail Spend Really Matter?
June 30, 2017The generally accepted definition of “tail spend” is the bottom 20% of purchases made by an organization (by value, volume, or both). The Pareto rule is also usually applied to tail spend in regard to suppliers, i.e. tail spend purchases or Low Value Spend Management represent the bottom 20% or purchases, but very often 80% or so of suppliers are connected to this activity.
Spend Analysis in 3 Easy Lessons
February 1, 2017Spend analysis is an important sub-discipline of overall spend management and is primarily concerned with collecting, cleansing, classifying and analyzing procurement expenditure in order to find opportunities to improve purchasing efficiency and reduce an organization’s overall spend.
Top 3 Reasons Why Procurement Can Immediately Benefit From Reviewing Its Approach To Spend Analytics Right Now
September 20, 2016We are increasingly living and doing business in a data-driven environment. This trend has affected the procurement sector as much as, or in some cases even more so, than any other business activity, and has brought with it tremendous opportunities for increased efficiency.
Enterprise Mobile Apps Will Play an Important Role in Business Development Over the Next Few Years
July 7, 2016Enterprise Mobile Apps Will Play an Important Role in Procurement Spend Analytics We are now living in a world where technology, especially mobile technology, has fundamentally changed the way people live, entertain themselves, work, and conduct businesses. It seems as...
Press Release: Simfoni recognized as an innovator by Spend Matters
May 31, 2016Simfoni is delighted to have been recognized by Spend Matters as a vendor to watch in its “50 to Watch 2016” Almanac. Spend Matters, the globally recognized procurement industry commentator, have a keen eye on what is happening in...
We’ve been at this for a long time. And we recognize procurement is more than just finding an item at the cheapest price. We all need to see spend differently. Responsible sourcing and sustainable procurement are not a sidebar, they are at the core of the job. And to do this job well it takes technology + humans. Simfoni is here to bring opportunity, balance, impact and control to your procurement team and process. We are here to help you see spend differently.
