Low Value Spend Management

Savings Management

Supply Chain Visibility starts here! – Savings Management

When 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. … Read More

Low Value Spend Management

Does Tail Spend Really Matter?

The 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. … Read More