Unlocking Hidden Value: Strategies for Effective Tail Spend Management in Procurement featuring Matt Kruse of ProcureAbility
Update: 2024-11-06
Description
In this episode, Dawn Tiura of SIG and Matt Kruse of ProcureAbility explore the often-overlooked concept of tail spend in procurement—discussing its impact, inherent challenges, and the best practices for managing it effectively. They dive into the risks tied to unmanaged tail spend, emphasizing the crucial role of data visibility and analysis in addressing these issues. By sharing real-world examples, they illustrate how successful tail spend management can drive cost savings and reduce procurement risks. The conversation highlights the importance of a strategic, collaborative, and continuously monitored approach to optimize procurement and unlock hidden value.
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