Tail Spend Management
HOW TO OPTIMISE TAIL SPEND THROUGH VENDOR CONSOLIDATION
This whitepaper addresses the challenges that supply chain & procurement professionals face in attempting to efficiently manage long tail supply chains. It also outlines the techniques available for optimising tail spend management.
While managing the tail effectively and efficiently is a challenging prospect for most organisations, there are a number of techniques available, which include:
- Consolidating the company supply base
- Reviewing and comparing prices from different vendors
- Bypassing distributors and buying direct from suppliers
- Monitoring supplier performance and lead time issues