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.
Tag: Tail Spend
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...
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...
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...
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...
What Does Well-Managed Tail Spend Look Like?
In 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...
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.
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...
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...
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...
