A Different, More Effective Tail Spend Management Result

S07
March 28, 2018
1:15 PM - 2:05 PM
 
A Different, More Effective Tail Spend Management Result

Presented By: VSP Global FairMarkIt

In this session, you will learn how to identify and group unstructured data to better leverage your tail spend yielding actionable insights that can provide savings, risk avoidance and a better rationalized supplier database. Using algorithms and automated processes, we will share how to analyze tail spend and get to a better place. Tail spend can present several risks to the organization. Our approach will help Procurement and the various risk assessment teams better understand opportunities around low dollar value transactions, which generally equate to 20% of your total spend and 80% of your supplier base.

Lifecycle: Steady State