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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. Tail spend is often unmanaged spend because it’s spread out across multiple departments and suppliers. Tail spend can be an important source of savings and efficiency gains.

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

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. There are two types of external catalogs – vendor self-managed and punch-out catalogs. On the other hand, a punch-out catalog gives buyers access to the vendor’s website through the buyer’s procurement software.

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What is RFX In Procurement? Understanding RFP’s, RFQ’s & RFI’s

Obobo

How will using eSourcing , as well as eRFx ultimately help business owners make more informed decisions when it comes to their strategic sourcing initiatives? In order to streamline operations and optimize supplier relationships , companies should implement progressive procurement processes.