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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. Old school, pure-play price negotiations don’t work, especially in an inflationary market.

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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. Old school, pure-play price negotiations don’t work, especially in an inflationary market.

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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

In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration.

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Cost Avoidance: The Invisible Procurement Performance Metric

Procurement Software

In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration.

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The Comprehensive Guide to Spend Analysis in Healthcare

Empowering CPO

Identification of Savings Potential across Various Spend Categories Spend analysis facilitates the identification of savings potential across different spend categories in healthcare organizations, enabling targeted cost optimization efforts. Addressing tail spend can lead to significant cost savings and process efficiencies.

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What is Digital Procurement? Ultimate Guide to Procurement Transformation

Pipefy

Errors can cost companies directly if prices are entered incorrectly or discount deadlines are missed, or indirectly when mistakes have to be corrected. Manual tasks take up time that could be better spent on value-producing activities such as price negotiations or vendor relationship management. Strategic sourcing.