Taming the Tail: Unlocking Tail Spend Management for Procurement Success in 2023

Simfoni’s Stefan Dent takes the stage at ISM World to demystify the problem of tail spend. Simfoni.com Tweet Last week, I had the opportunity to take the stage at the ISM World Conference in Dallas, Texas, where I discussed ‘The...

May 19, 2023

News and Events Tail Spend

Simfoni Dominates Tail Spend Management Market—Ascends to Spend Matters ‘50 Providers to Know’ List

After six consecutive years on its ’50 Providers to Watch’ list, Spend Matters has named Simfoni to the 2022 ’50 Providers to Know’ list. This recognition from an industry expert like Spend Matters is an impressive feat for Simfoni, which...

October 20, 2022

Tail Spend

5 Tips for Getting Your Tail Spend Under Control

When procurement professionals debate tail spend, they are often referring to non-strategic purchases that account for 10%-20% of an organization’s indirect spend. Large global enterprise businesses often have thousands of low throughput ‘tail’ suppliers supplying low-value purchase items, from copy...

December 24, 2021

News and Events Tail Spend

Simfoni Spend Automation Recognized as a Digital Procurement Pioneer by ProcureTech 100

Simfoni just announced its inclusion in the ProcureTech 100 – a listing of enterprising digital procurement pioneers – for its leadership and expertise in Spend Automation and Tail Spend Management. Another win added to the Simfoni belt! Much like Simfoni,...

November 21, 2021

Tail Spend Webinars

On-Demand Webinar – How to Gain Control and Save on your Indirect Spending

Indirect spend is easy to overlook. Some areas can be taken for granted and seem difficult to control, but effective and innovative cost control measures can enable companies to realize significant savings. Watch a distinguished panel of Finance and Procurement...

November 2, 2021

Spend Analysis Tail Spend Tail Spend Management

Big Savings in Small Spend — Tales from the Tail

In the world of strategic sourcing, realizing 5 to 8% savings is considered to be impressive. After all, these are the high-spend categories and are supposedly already well-managed and frequently revisited for improvement opportunities. In contrast, when our clients work...

July 1, 2019

Spend Analysis Tail Spend

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.

January 29, 2019

Tail Spend

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...

May 20, 2018

Spend Analysis Tail Spend

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;...

March 4, 2018

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...

February 18, 2018

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