Tail spend, sometimes called indirect or low value spend, can be up to 20% of total spend that typically goes unmanaged within an organisation.
Made up of high volumes of low value ad hoc transactions with hundreds of suppliers, these individual purchases are often made outside purchasing controls.
Managing tail spend is a tall order for procurement teams. Our services enable enterprises to unlock previously untapped potential, whilst reducing risk and improving compliance.
The customers we work with typically achieve:
- Up to 30% savings on procurement costs
- 10-25% reduction in managed third-party spend
- 40-80% reduction in invoices
- Operational savings in the region of £5K per year, per supplier
Unlocking the value of tail spend
Providing an end-to-end service that features advanced analytics, supplier consolidation and management, and e-catalogues that boost the efficiency of procurement processes for end-users, we drive efficiencies and strategic initiatives that generate measurable results in lower value spend areas.