Tail Spend Management
Fully understanding and managing company expenditure
Initial focus must always be on high value, high importance suppliers. Preceding this it is important to get control and manage spend within the rest of your supply chain. As your business grows it is usual to develop a vast sea of smaller suppliers to support your ongoing operations.
High volume, low value transactions need to be controlled for maverick spend and minimise associated processing costs.
Although it can seem overwhelming, understanding your tail end spend enables significant cost saving, efficiency improvement, consolidation, and better contract management.
If you are part of a larger organisation or have multiple sites, understanding tail end spend enables the creation of shared services and centralised consolidated negotiation.
Get in touch for more information on how we can help. If you prefer, you can book a free 15 minute consultation with us.
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