What Exactly Is in the Tail Spend?
At a headline level, I think most procurement folks are now familiar with the concept of tail spend: the low-value spend items that are non-core but still essential to the smooth operation of an organization.
Tag: Tail Spend
How does Tail Spend Analytics work
Tail spend analytics is a concept that is recognized in the procurement departments yet seldom addressed, is at long last getting its chance in the spotlight. Tail spend is professional purchases, services that are outside the large purchases in the...
Tail Spend Management in the Trenches: Lessons Learned and Questions Answered
Spend Matters recently hosted a webcast exploring how Owens & Minor revamped its tail spend management strategy using Simfoni, a procurement solutions provider with specialized capabilities in this area.
Tail Spend Management Webinar
Hear from Simfoni client Jean-Pierre Pinsonneault, Vice President Global Indirect Procurement at Owens & Minor about how the Fortune 500 healthcare distributor has been successfully tackling tail spend.
Why a Marketplace Model is a Key Part of a Tail Spend Solution
For many procurement organizations, catalogs have become the default way to manage indirect spend. It’s easy to see why. Catalogs offer a simple way to manage recurring, low-value purchases. By grouping previously sourced categories and commonly requested items into a...
Tail Spend Technology is Not Just Available, Its On-Demand
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...
Technology to Solve Procurement’s Persistent Tail Spend Problem is Available.
Tail spend frustrates many procurement groups. It’s messy, it’s complex and it’s time-consuming to tackle. Inking big deals and keeping stakeholders happy seem like far better priorities for the typical category manager, since that’s how he can turn executive heads...
Simfoni recognized as a leading vendor for 3rd year in succession
The Spend Matters 2018 Almanac has been released today and Simfoni is delighted to announce that – for the 3rd year in succession – it has been recognized in the “Top 50 to Watch” category amongst leading technology vendors in...
Tail Spend is too good to be true – and that’s a problem!
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 about tail spend;...
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...