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Tail Spend represents the unmanaged high-volume, low-value spend in your business. It has traditionally been an inevitable and unavoidable burden for procurement leaders causing up to 20% of overlooked savings due to poor supplier management, contract negotiation and maverick spend. With the increasing role played by cloud-based global resourcing, innovative technologies, effective Tail Spend Management is no longer hard to obtain. Companies are now able to identify, evaluate and manage their unstructured spend across their entire supply chain.
Tail Spend represents the 20% of purchases that are either too small or too infrequent to fall within a company’s procurement policy.
If you are looking to eliminate waste in your unmanaged spend and achieve greater operational efficiency within your supply chain, blur’s Platform can help improve the way you source, purchase, manage and deliver hundreds of business services across your organization.
The Platform offers:
Benefits of working with blur to manage your Tail Spend:
Head of Procurement, FMCG company