Increasing globalization and the resulting localization of supply chains have helped skyrocket tail spend to the top of the CPO agenda, all of whom are looking for that “silver bullet” solution.
This session will explain how organizations of any size, and across all sectors, can solve tail spend forever and unlock hidden opportunities such as channeling spend to diverse suppliers. Understand user frustration with bureaucratic, over-engineered processes when they demand a ‘B2C experience’ for lower value spend. Discuss the risk in the tail from unvetted suppliers that is no longer acceptable in today's procurement organizations. Understand ESG factors and bringing tail into focus for diverse suppliers and finally cover the costly burden of managing multiple, low throughput suppliers.