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Tail Spend: Your Guide to Full Spend Visibility and Savings

Una

A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. Taming Tail Spend. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. What is tail spend?

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How effective Tail Spend Management can drive cost savings

Procurement Software

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. What is tail spend?

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How effective Tail Spend Management can drive cost savings

Procurement Software

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. But Procurement plays a vitally important role to plug the holes in the bucket, stopping the leakages from all of that new revenue that our Sales colleagues are generating. What is tail spend?

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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

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7 Spend Analytics Software for Mid-Market Businesses

Procurement Software

Located in Amsterdam, Netherlands, the company leverages advanced AI technologies to enhance procurement processes, focusing on efficiency and data visibility. Their platform is particularly noted for its capabilities in spend data classification, risk and opportunity identification, and supplier data enrichment.

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A Balancing Act: Drive Sustainability while Managing Cost and Risk

ivalua

Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?

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Unleashing the Power of Procurement Buyers: Delving into this Impactful Role

Arkestro

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. The best procurement buyers have a solid understanding of market trends, supplier performance, and ethical sourcing.

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