Don’t focus on 80% of spend and leave 20% on the cutting-room floor The biggest impression left by Walter Charles III’s keynote presentation at the Procurement Leaders Americas Congress in Miami, Florida, was one of the necessary boldness and pace of change. When looking at change management, sometimes the temptation is to apply familiar templates […]
Category: tail spend management
Understanding Tail-Spend Management
Understanding Tail-Spend Management Below is an abstract of “Understanding Tail-Spend Management”, a GEP whitepaper. Introduction World-class organizations today have a good level of control over most of their cost structure. As this visibility and control increases, eventually a point is reached when the effort required to go further appears to be greater than the benefits. […]
Labeling of category of spend as ‘tail’ is itself a misnomer
Labeling of category of spend as ‘tail’ is itself a misnomer While commenting a very good article in Procurement Leaders on the topic “Is it time to outsource tail spend?”, Jonathan Webb mention a school of thought that argues that the labeling of category of spend as “tail” is itself a misnomer. – Some of […]