Tail Spend
What
We Do
Unlock incremental value for your business through improved spend visibility, tighter spend controls, and increased purchasing efficiency. Our customized, integrated program will identify and address root cause issues to reduce your tail spend. Otherwise known as ad-hoc, rogue, low-value, non-strategic spend, or infrequent spot buys, tail spend typically makes up approximately 80% of transactions but cover only 20% of total spend — making it ripe for savings potential.
How
We Help
Our unique approach uncovers your tail spending and resolves root cause issues. We begin by gaining spend visibility and developing an enterprise-wide tail supplier assessment (TSA). We’ll also evaluate your purchasing policy, processes, and buying channels, as well as opportunities for tech and automation. We’ll translate our analysis into key strategic levers: eliminate, reprice, shift, and manage. Not only will we develop an implementation plan for savings realization, we’ll also execute and measure its performance with custom reporting dashboards to drive sustained value for your business.
Benefits
Key Benefits
Key Benefits
of an Advisory Partner
Advantages of Our Partnership:
End-to-End Execution
From assessment through savings realization, we’ll fully manage and execute a proven process to curtail your tail spend.
Proven Profit & Loss Savings
Our clients achieve an average of 5-20% P&L savings.
Streamlined Inteal Processes
We’ll provide a proven goveance framework to streamline your inteal processes, lower total cost of procurement, reduce administrative burden, and drive better compliance.
Deep Subject Matter Expertise
Our consultants are cost optimization specialists with functional experience, analytics tools, expert capabilities, and extensive market intel that drive exceptional value.
Ready to Accelerate Savings and Procurement Performance?
We have performed over 5,000 sourcing projects since our firm’s inception. Please contact us to ask a question or leave a comment.
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