Tail Spend Management

Tail Spend

Tail Spend is too good to be true – and that’s a problem!

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Simfoni manages tail spend for clients all over the world and across many different industries. But regardless of geography or sector, I have gained 2 important insights that are vastly out of sync with the common theory … Read More

Tail Spend Management

Tail Spend Management for the financial progress

Tail spend management is necessary for any firm to improve its financial performance. It is the spend made that is not included in all the categories of spend, rather few that impacts its performance in respect of the finances. Suppliers are many but to each given spend category, very small share is made. … Read More

Tail Spend Solutions

Tail Spend Solutions’ hand in boosting savings

What are Tail Spend Solutions? :- Tail Spend Solutions is a blend of sourcing network, expertise and technology. It is a complete solution package for the problems related to the management section. … Read More

Tail Spend Software

Tail Spend Software and its working

Tail 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. … Read More

Tail Spend

Why Mid-Size Companies Need On-Demand Solutions to Conquer Tail Spend

Procurement 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. … Read More

Tail Spend

Simfoni Tail Spend team delivers OS&E packages for the Louvre Abu Dhabi Museum

Simfoni 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. … Read More

Tactical Buying

What is the Difference Between Spot Buying and Tactical Buying Within Tail Spend Management?

Continuing 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 … Read More

Management of Tail Spend

How Important is Catalog Procurement in the Management of Tail Spend?

So 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 … Read More

Procurement Technology

Grow the Top Line, Control the Bottom Line, & Analyze All Aspects of Your Business With Our High-Tech Solutions

At Simfoni, we partner with our clients to help them: Analyze and understand all aspects of their business operations and market dynamics (supply-side/procurement and demand-side/sales). This is done by deploying VIRTUOSI, our world-class Procurement technology platform that has the capability … Read More

Tail Spend

Unmanaged Tail Spend: Problems and Solutions : Tail Spend Solution

Tail spend, and the importance of properly managing it, has been widely discussed on our blog and elsewhere recently. By now, most senior business managers should be aware of the concept. … Read More