by EBIT Intelligent Procurement | Jun 18, 2024 | GNFR, indirects, Procurement, tail spend
Understanding Tail Spend Tail spend is characterized by its high volume and low individual value. It’s the 20% of spend that involves 80% of a company’s suppliers. This segment of spend is frequently unmanaged due to its fragmented nature and the perception that it’s...
by EBIT Intelligent Procurement | Oct 27, 2022 | GNFR, Procurement, tail spend
Focussing time and resource on tail spend management can often appear daunting and to offer limited returns. When it comes to optimising value, it often makes sense to focus on the largest contracts. However, Tail spend – or low value spend – contains many...
