Amid an unpredictable 2020, procurement leaders have a renewed focus on cost control — especially those costs that are seemingly invisible. When data visibility is poor and manual processes are the status quo, cost control is nearly impossible to execute successfully.
But there are methods — and digital technologies – for taming costs you can’t always see. Tail spend management (TSM) can be a significant source of incremental savings. When done well. However, many organizations find handling high-volume transactions with an anonymous supply base very challenging.
In this webinar, GEP’s Senior Director, Prince Kapoor, and Associate Director, Amol Jagdale, will present today’s best practices in tail spend management with a keen eye on how to become more resilient in the face of economic and supply chain volatility. They will detail specific strategies and innovative approaches for gaining visibility, optimizing addressable spend and automating processes.
On the Agenda:
- How tail spend has been redefined and clarified for today’s procurement needs
- Detailed strategies for gaining a quantitative understanding of spend
- How to drive value in price reductions, supplier base consolidation, and improved contracts
- The central role of digital technologies and the opportunities for automation
After the panel discussion, audience members will be able to take part in the dialogue in a live Q&A session. Don’t miss the opportunity to gain the most in-depth, nuanced vision for success with tail spend management.
Stop Chasing Your Own Tail Spend – Tame It, Today
Associate Director, Global Delivery
Senior Director, Consutling
Date: Thursday, September 10, 2020
Time: 10 a.m. ET
Duration: 60 Minutes with Live Q&A