VITESSE BLOG
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,...
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...
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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...
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.
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...