Tail Spend Management
Tail Spend Management
Significant cost-saving opportunities might be disguised in the tail of the supply chain. 80% of indirect suppliers account for 20% of an organisation’s business spend. Identifying and optimizing the non-core transactions enables an organization to fully-benefit from their procurement expertise and improve their supply chain.
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Tail Spend Management brings about visibility and control of expenditure, improving compliance to contracts and helps an organisation save typically 15-30% of total spend. We can assist you with managing the many tail spend categories, sub-categories and commodities that will in turn help you identify saving opportunities for scoped spend at the transaction level and spend level.
Some key benefits experienced by our clients –
- Reduced cost of procurement function
- Reduced transactions and transaction costs
- Strengthening of procurement controls
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