Procurement and Finance spend a large proportion of time managing the big core areas of spend, and understandably so, as this is where the numbers are larger and savings are more quickly won – typically 80% of spend comes from 20% of suppliers (Pareto Principle).

However, there’s another 20% of spend – referred to as ‘tail-end spend’ – that can be addressed. By focusing on this spend, Procurement and Finance can deliver significant savings in terms of reduced unit prices and process improvements – both of which free up money and valuable resources.    

In this webinar, we’ll explore the different types of tail-spend, such as misclassified items, low price-high frequency items, maverick spend, etc. We’ll look at the typical challenges faced when tackling tail-spend and the strategies and tools needed for extracting savings so you can achieve:

• Noticeable cost savings
• Better visibility of where you spend money
• A reduction in maverick and off-contract buying
• A sizable cut in the number of invoices that need processing
• A reduction in the time needed to manage suppliers

For a practical step-by-step approach to squeezing savings from your Tail Spend, register your free place today.

N.B. THIS WEBINAR IS BEING HELD AT 3PM GMT.

CLICK HERE TO REGISTER