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How effective Tail Spend Management can drive cost savings

Procurement Software

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. What many companies don’t realise though is that direct materials have been negotiated to death. The best opportunities now lie in tail spend management. What is tail spend?

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How effective Tail Spend Management can drive cost savings

Procurement Software

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. What many companies don’t realise though is that direct materials have been negotiated to death. The best opportunities now lie in tail spend management. What is tail spend?

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Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Planergy

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.

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Cost Avoidance: The Invisible Procurement Performance Metric

Procurement Software

Unlike for those who purchase direct materials, it’s much trickier to measure hard savings – i.e. those which are easily visible on the P&L statement – in the indirect space. It’s not only a problem for indirect spend though. Driving value through strategic sourcing and supplier collaboration.

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Cost Avoidance: The Invisible Procurement Performance Metric

Procurement Software

Unlike for those who purchase direct materials, it’s much trickier to measure hard savings – i.e. those which are easily visible on the P&L statement – in the indirect space. It’s not only a problem for indirect spend though. Driving value through strategic sourcing and supplier collaboration.

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The Comprehensive Guide to Spend Analysis in Healthcare

Empowering CPO

This is where spend analysis steps in as a powerful tool to help healthcare organizations gain deep insights into their procurement activities. In healthcare, where budgets are tight and patient care is the top priority, effective spend analysis holds tremendous value.

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What is Digital Procurement? Ultimate Guide to Procurement Transformation

Pipefy

This happens when different teams, departments, locations, or employees use their own unique variations of a process such as purchasing or sourcing. Errors can cost companies directly if prices are entered incorrectly or discount deadlines are missed, or indirectly when mistakes have to be corrected. Simplifies spend management.