Insight report Conquer Tail Spend for Supply Chain Optimisation
Areas of consideration to address software tail spend
By Insight Editor / 27 Oct 2021 / Topics: Featured Procurement
Governing tail spend should be top of mind on the radar for any organisation. Left unchecked it places your organisation at risk and adds cost to your operations.
Putting strategic spend management on hold to focus on the tail isn’t realistic, but tail spend deserves consideration.
Out-tasking elements of the purchasing cycle can drive cost and time out of operations, reduce risk and allow better procurement engagement with business stakeholders
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“A robust procurement process ensures that when employees request new software, checks and validations can quickly be carried out to see whether that request is eligible and management approved and whether there is a real business case for it.”
"The biggest reported pain point is in the operational management overhead."
"One of the biggest areas of corporate risk with tail spend is around information security"
"Consolidating purchases and buying through a single supplier enables you to negotiate better deals because of the volume."
