What % of your business’ overall spend is not “managed” in the same way as the spend which falls under the control of your procurement team?

There are opportunities to make savings and reduce risk when the same procurement principles are applied to tail spend, not to mention the raft of other benefits (improved credit terms and cashflow, measurable supplier performance KPIs in place, fixed pricing, budget control, simplified procurement processes, etc)

In many instances, tail spend is overlooked mainly due to lack of resource but also due to the accessibility of the purchase data available for these types of categories.

This is where you would benefit from having an outsourced procurement partner; a dedicated resource to get into the granular detail of this spend and ensure that these often overlooked categories are managed in exactly the same way as your internal procurement team would.