Controlling Tail Spend: The New Front in Optimising Procurement is SourceDogg’s latest white paper, available to download now.
Tail spend accounts for 20% of total procurement expenditure in the average firm.
Reliable estimates suggest that anywhere up to 20% of tail spend is waste. That means a firm with a total procurement budget of €10 million is possibly losing in the region of €400,000 through inefficient purchasing. Give this issue the attention it deserves with the new free white paper published by SourceDogg.
Here’s a taster from the introduction:
‘The term “strategic sourcing” has become something of a mantra in purchasing and supply chain management, but behind the rhetoric lies a simple principle that the procurement function should support organisational competitiveness. In practice this can include anything from realising savings through aggregating demand to tapping into the expertise of suppliers…’