Tail Spend Management Services
Tail Spend, also referred to as unmanaged spending, includes an organization's expenditures that fall outside its usual and defined procurement cycle.
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Tail Spend, also referred to as unmanaged spending, includes an organization's expenditures that fall outside its usual and defined procurement cycle. Tail spend represents approximately 20% of the overall expenditure. Nonetheless, it encompasses 80% of suppliers and a variety of diverse indirect spending categories. Organizations typically overlook this segment despite its potential. We can unlock abundant saving opportunities for you with minimal effort.
Our Process
Tail Spend analytics: We collect your spending data, analyze it, and subsequently define and calculate your tail spend. Continuously learning from your past patterns, we establish a data-driven foundation to address the tail
Addressing spend to our best suppliers: Focus on channeling expenditures toward preferred vendors using category-specific strategies to strengthen procurement leverage
Advanced solutions: We deploy automated channels and advanced solutions across all facets of tail spend, effectively managing it to generate increased savings
Importance of Tail Spend Management
Tail spend represents approximately 20% of the overall expenditure but encompasses 80% of suppliers
Unlock abundant saving opportunities with minimal effort
Establish a data-driven foundation to address unmanaged spending
Deploy automated channels and advanced solutions to generate increased savings
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