CPG and manufacturing companies face procurement challenges like no other. Current economic pressures mean these enterprises are looking to tail spend management as a way to optimize their supply base and protect margins.

Managing tail spend starts with data and speed. Identifying ways to gain more intelligence and efficiency from daily operations sets the stage for future improvements. Relying on outdated systems or cumbersome processes leaves money on the table and can hinder growth in an uncertain economy.

Key takeaways

Set up your business to automate and adapt to global fluctuations while still optimizing their performance by:

• Realizing cost savings from tail spend
• Gaining buyer efficiency
• Simplifying the process of bid analysis/cost evaluation without tying up resources

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