Governing tail spend should be top of mind on the radar for any organisation. Left unchecked it places your organisation at risk and adds cost to your operations.
Putting strategic spend management on hold to focus on the tail isn’t realistic, but tail spend deserves consideration.
Out-tasking elements of the purchasing cycle can drive cost and time out of operations, reduce risk and allow better procurement engagement with business stakeholders
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"The biggest reported pain point is in the operational management overhead."
"One of the biggest areas of corporate risk with tail spend is around information security"
"Consolidating purchases and buying through a single supplier enables you to negotiate better deals because of the volume."