As a CPO, you probably don’t pay much attention to tail spend. But that’s a risky move. Managing “maverick” spend gobbles up precious resources and keeps your procurement team from more value-added activities. How can you control it?
A new GEP-sponsored SMI white paper — Why Manage Tail Spend When You Can Eliminate It— outlines the reasons procurement must automate tail spend management. Learn the three steps your team should take to put tail spend in the rearview mirror.
What’s Inside:
- Create a consumer-like user experience to drive adoption of automation
- Leverage analytics to identify where and how off-contract spend is happening
- Implement end-to-end processes and controls to help put an end to tail spend
This paper is a must-read for CPOs who want to take a leadership role in eradicating tail spend.
Theme: Procurement
RECOMMENDED
Featured
The Cost-Plus World of Supply Chains: The Macroeconomic and Geopolitical Environment
As geopolitical and macroeconomic concerns increase, this survey-based Economist Impact-GEP report looks at what companies are doing to manage the resultant supply chain challenges.
Case Study
Top U.S. Battery Manufacturer Diversifies Supplier Base, Mitigates Supply Chain Risks by Partnering With GEP
This case study demonstrates how GEP helped a top battery manufacturer reduce its dependence on suppliers in China and boost supply chain resilience by identifying alternative suppliers for its new production facility.
