Tail Spend: Procurement’s Low-Hanging Grapes!

Why is tail spend misunderstood?

Here is a post from 2007 providing a concise outline of what it is and how to master it – including the outcome that will work today, tomorrow, and well into the future (regardless of the era’s technology) – https://bit.ly/3oe5Vql

Here is additional reading material that includes agent-based implementation and the Acres of Diamonds white paper that digs even deeper into commodity characteristics:

Agent-based – https://bit.ly/3FBnFRr

Acres of Diamonds – https://bit.ly/4fwhVt6

If you want to manage tail spend successfully, do the following:

1️⃣ Read the above three documents

2️⃣ Follow the directions

3️⃣ Implement according to directions

NOTE: You don’t need to get the latest and greatest tail spend technology—it is not a technology issue. The tech to address tail spend effectively has been around for decades, so there is no need to reinvent the wheel.

So read, and then grab a few grapes!

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