Una

AUGUST 17, 2022

This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. Anatomically it may seem like an afterthought, but this end of the beast that is your procurement spend contains 80% of your suppliers and only 20% of total spend.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Arkestro

JULY 4, 2022

Companies need a clear strategy to direct spending toward businesses owned by Black people, women, and other underrepresented groups. Unfortunately, developing a strategy is the easy part, and it quickly becomes much more complicated—especially when it comes down to the infrastructure and technology part.

Suppliers 52

Suppliers Procurement Real-time Visibility Chief Procurement Officer 52

Supply Chain Game Changer

JULY 14, 2021

Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying. in 2020, according to Procurement Leaders’ CPO Planning Guide 2021” (Procurement Leaders 2021). The Yin and Yang.

Sustainability 98

Sustainability Procurement supply chain budgeting Agile and Lean Supply Chain 98

Empowering CPO

JULY 5, 2023

Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services. Our goal is to empower Chief Procurement Officers (CPOs) and their teams by providing a suite of comprehensive managed procurement services.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Real-time Visibility 52

Supply Chain Game Changer

MARCH 28, 2020

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! You need to SELL what Procurement is actually doing.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Supply Chain Game Changer

APRIL 23, 2019

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! You need to SELL what Procurement is actually doing.

Procurement 50

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 50

Empowering CPO

JUNE 20, 2023

Definition of Tail Spend and Its Importance in Procurement Tail spend, or non-strategic spend, typically refers to the approximately 20% of a company’s purchases that account for about 80% of its suppliers. The results of this analysis form the basis for strategic decision-making and implementation of tail spend management strategies.

Real-time Visibility 40

Real-time Visibility supply chain budgeting Spend management Risk 40