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Tail Spend Analysis: What Is It, How To Perform It, and the Benefits

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. When a new supplier is brought in, they must understand the product or service’s value to the company. How To Automate Tail Spend Analysis Tail spend analysis can be a time-consuming and labor-intensive process.

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Procurement Cost Savings – Measure, report and increase cost savings

Obobo

Standard cost analysis: This method compares the actual cost of purchasing goods and services with the standard cost established by the procurement team. Procurement cost savings refer to the savings achieved through strategic sourcing , negotiation, and reducing excess spending in procurement.

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Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy Software

Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It ensures that suppliers’ products, services, and pricing are consistent, accurate, and up-to-date.