When Tail Spend Gets Out of Control: Warning Signs and Solutions
Tail spend, often overlooked in procurement, consists of small, infrequent purchases that can accumulate and cause complications. Proper management can lead to savings, but unchecked tail spend can inflate costs, disrupt budgets, and harm supplier relationships. Warning Signs of Uncontrolled Tail Spend When tail spend is unmonitored, certain indicators may arise: Unexpected spikes in procurement […]