Posts Tagged ‘Procurement Tail Spend’
Is Your Procurement Team Staying on Top of “Tail Spend?”
After procurement departments source 80 to 85 percent of their companies’ purchases, the remaining 15 to 20 percent of purchases are referred to as “tail spend.” According to a report from the consulting firm the Hackett Group, managing tail spend is an opportunity to not only lower costs, but also help procurement in tackling its…
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