Anyone with a little bit of experience in business has heard of the Pareto (or 80/20) “rule.” And this principle drives how organizations are targeting their efforts towards areas that would maximize results…
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If one of the 800-pound gorillas has a tail spend problem…chances are, your organization is, too…
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Until recently, many companies thought it was futile to try to extract savings from the low-volume purchases in “tail spend.” New technologies are changing the equation…
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Managing long-tail spend is a tall order for many procurement teams. But that’s changing rapidly, thanks to digital technologies…
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Tail spend” represents a significant cost for large enterprises. While comprising a relatively small portion of total cost, the drip-drop accumulation of spend by large numbers of small, non-strategic suppliers…
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