Many organizations fail to realize that the tail spend management can deliver considerable incremental savings. At a time when companies are struggling to find ways to reduce costs, the tail can make a useful contribution to reach your goals.
Organizations make numerous purchases that are too small to be managed by procurement. This is called a tail spend. It can also be the purchases that are not frequent and are left unmonitored.
It is a problem with almost all companies regardless of their industry and size. They leave the low cost, low-value purchases unmanaged and they end up payingthe maximum for them. The other challenges that they face include maverick spend, non-compliance and off-contract spend, etc. Unknowingly, sometimes the tailspend can end being the costliest transaction.
GainEdge can help you simplify the management of your non-core transactions. This will create more time and resources for you to negotiate on your strategic procurement.
We have helped clients save a considerable amount in tail spend. Our specialists apply the latest sourcing tools and methodologies to provide a highly efficient buying experience. We maintain a huge supplier database and use a flexible catalogue platform to ensure you get the best deals without sacrifice in quality.