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

News and Events Tail Spend

Why it is Important to Properly Manage Tail Spend – (Part 3)

Just about every person in the business community is familiar with the Pareto Rule, also known as the 80/20 rule, i.e. that approximately 80% of a business’s sales and profits will come from approximately 20% of sales or customers. When...

March 28, 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

Tail Spend Tail Spend Management

What is Tail Spend Management and Why Does it Matter to a Business?

Tail spend refers to all the unmanaged high-volume and low-value transactions that take place within an organization. Tail Spend Management Solutions by Simfoni actively manages maverick spending by consolidating 80% of suppliers who account for 20% of procurement spend and...

March 3, 2016

News and Events Tail Spend

Why it is Important to Properly Manage Tail Spend. [Part 1]

Why it is Important to Properly Manage Tail Spend. Part 1: Manage Your Tail Spend Better and Save Up to 10% on Purchasing Costs Over the last few years, the importance of managing tail spend has become a regular talking...

February 29, 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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