Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. Old school, pure-play price negotiations don’t work, especially in an inflationary market. The best opportunities now lie in tail spend management. What is tail spend?

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. Old school, pure-play price negotiations don’t work, especially in an inflationary market. The best opportunities now lie in tail spend management. What is tail spend?

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Planergy

JANUARY 19, 2023

Using ABC Analysis: Class A: These purchases account for 80% of your total cost of purchases for 20% of suppliers. Class B: These purchases account for 15% of the total cost of purchases for 30% of suppliers. Class C: Tail Spend: These purchases account for 5% of your total cost of the purchases for 50% of your suppliers.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement 52

Procurement supply chain budgeting Price Negotiation 52

Jaggaer

JANUARY 14, 2020

Striving to be best-in-class in every category will ensure your supply chain is flawless, but at a marginal benefit to the buyer.” Experts at McKinsey agree, saying that processes like “negotiating for lower prices yields diminishing returns over time.” Ready to take control of indirect spend?

Supply Chain Efficiency 40

Supply Chain Efficiency Raw materials supply chain budgeting Supply Chain Optimization 40