Procurement professionals spend the majority of their time managing the big core areas of spend, and understandably so, as this is where the numbers are larger and savings are more quickly won – typically 80% of spend comes from 20% of suppliers (Pareto Principle).

However, there’s another 20% of spend – referred to as ‘tail-end spend’ – that can be addressed. By focusing on this spend, Procurement and Finance can deliver significant savings in terms of reduced unit prices and process improvements – both of which free up money and valuable resources.    

In this webinar, we’ll explore the typical challenges faced when tackling tail-spend and the strategies and tools needed for extracting savings so you can achieve:

• Noticeable cost savings
• Better visibility of where you spend money
• A reduction in maverick and off-contract buying
• A sizable cut in the number of invoices that need processing
• A reduction in the time needed to manage suppliers

For a practical step-by-step approach to squeezing savings from the most fragmented 20% of your spend, register your free place today.