3 Ways Using Spend Analytics will Increase Your Procurement Efficiency

Most businesses, especially those with a business model that has a substantial purchasing element, can benefit from the implementation of a spend analytics system. Spend analysis is a process in which purchasing expenditure data is collected, organized, and analyzed in...

May 5, 2016

Spend Analysis Tail Spend Management

Better Tail Spend Management is a Clear Priority Among Procurement Professionals

In a previous post, we looked at a study undertaken by The Hackett Group, titled: The CPO Agenda: Reduce Purchase Costs, Improve Agility, and Become a Trusted Advisor, by Patrick Connaughton and Christopher Sawchuk. This time around, we are revisiting...

May 3, 2016

Spend Analysis Tail Spend

How to Properly Manage Tail Spend.

We are going to turn our attention to manage tail spend in such a way that “hidden” value is unlocked and costs are reduced using Tail Spend Automation. In the first four articles in this series, we looked at the...

April 22, 2016

Spend Analysis Tail Spend Management

Why it is Important to Properly Manage Tail Spend – Studies and Expert Opinion, Part 2: Identifying and Segmenting Tail Spend for Better Management

In the first article in this series, we looked at a report from The Hackett Group This time around, we are having a look at a white paper from Accenture, titled Getting a Grip on Tail Spend, by Ralf Mägerle,...

March 14, 2016

Spend Analysis Spend Analytics

Four Things You Should Do With Spend Analytics Data : Spend Analytics Solutions

Simfoni, a leading provider of Spend Analytics Solutions & Tail Spend Management & Analytics. Once you take the time to compile a full spend analytics report, there are many things you can do with the data you collected. Here are a...

January 7, 2016

Spend Analysis Tail Spend Management

The Challenges of Tail Spend Management – Why Corporate America Isn’t Managing Its Tail…and How We Can Start

Tail Spend Management - As market share gains become harder to realize and competition drives prices down, companies are looking to cost reduction initiatives as the easiest path to increased profits.

October 12, 2015

Spend Analysis Tail Spend

Understanding Tail Spend – What it is, Why you care and What’s to be done

If you’ve been reading the procurement trade publications over the past year, you will have noticed a lot of discussion about the importance of understanding and managing tail spend in large or geographically dispersed organizations. The fact that tail spend...

August 1, 2015

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