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Articles about e-procurement, spend visibility, growing revenues, the future of procurement and more

 

5 Reasons to Tackle Tail Spend

5 Reasons to Tackle Tail Spend

The traditional view of procurement, promoted by large consultancies, is to focus on managing the top 80% of spend and ignore the 20% of spend in the tail. The argument for ignoring spend is that there are few opportunities for savings.  However, as "sourcing doctor"...

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Category-Specific Workflows

Category-Specific Workflows

Product and Service categories with different workflow steps can now be configured, with mandatory steps, optional steps and the ability to require notes and/or attachments for each step. Key for highly compliant procurement environments. Align workflow to your...

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Procurement Dashboards

Procurement Dashboards

Why build a procurement dashboard? If you spend a lot of your time looking at reports and trying to make sense of the information you get from different sources such as excel spreadsheets, ERP systems, accounting software, databases and manual forms then you could benefit from building a procurement dashboard.

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Complex Tail Spend Management

Complex Tail Spend Management

Complex indirect spend categories or ‘Tail Spend’ present unique sourcing challenges to most organisations. These categories are characterised by being unpredictable in their demand, they require accurate specifications, are deadline driven and often have a low average order value.

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Manage your tail spend more effectively

Manage your tail spend more effectively

Tail spend is a phrase that is commonly used to describe the spend that a company is making but not accounting for or managing strategically through the company’s procurement policy. This is the spend that falls outside the main purchasing categories.

Often these purchases are made by employees who may not have the time or skills to make effective purchasing decisions.

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Supply Chain Brief

Supply Chain Brief


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