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Looking for further info on Specialists In Tail Spend?
Tail spend can be defined as any business purchase that falls outside of the norm. Often they are small and fragmented and transactional, including one-off purchases with a large number of suppliers. Often undertaken by departments with the best intentions to meet the immediate needs of the businesses, they often can have consequences of increased risk through using unverified suppliers as well as additional cost. Where economies of scale are not being met and pricing is not fully negotiated. In many cases the cause a level of business disruption as the procurement, finance are left to reconcile paperwork, and warehouse teams have to locate and allocate the new stock.
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Tail spend can be defined as any business purchase that falls outside of the norm. Often they are small and fragmented and transactional, including one-off purchases with a large number of suppliers. Often undertaken by departments with the best intentions to meet the immediate needs of the businesses, they often can have consequences of increased risk through using unverified suppliers as well as additional cost. Where economies of scale are not being met and pricing is not fully negotiated. In many cases the cause a level of business disruption as the procurement, finance are left to reconcile paperwork, and warehouse teams have to locate and allocate the new stock.
Please contact us for further information about Looking for further info on .
For more information on Specialists In Tail Spend talk to Bell Procurement Management
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