VITESSE BLOG
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...
![Why it is Important to Properly Manage Tail Spend. [Part 1]](https://simfoni.com/wp-content/uploads/2016/02/iStock_000061419362_Small.jpg)
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...