tail spend Content

Future 5 start-up winner graphiteConnect talks increasing importance of supplier networks

graphiteConnect has become known for its data library used for supplier relationship and risk management, and was recently named a Future 5 start-up by Spend Matters. We chatted with graphiteConnect’s founder and CEO, Conrad Smith, to learn more about the solution and to hear first-hand just what it means to be selected as a Future 5 start-up.

Future 5 start-up winner Utmost talks extended workforce solutions

Utmost, a contingent workforce and services procurement specialist, has made waves in the contingent services market with its extended workforce system, and was recently named a Future 5 start-up by Spend Matters. We chatted with Utmost’s co-founder and COO, Dan Beck, to learn more about the solution and to get a first-hand understanding of just what it means to be selected as a Future 5 start-up.

2020’s Future 5 start-ups: Spend Matters announces standout newcomers in procurement technology

Spend Matters has always been committed to covering the bleeding edge of procurement technology, highlighting not only the established market contenders at the table but also some of the most exciting procurement technology start-up companies in the world. We’re thrilled to announce the second annual “Future 5” today.

ABX – Amazon Business implementation and insight from Oxfordshire County Council

Earlier this month Amazon Business held its annual flagship event Amazon Business Exchange online to bring together the procurement, finance and supply chain community to connect, collaborate and share knowledge and best practice. Spend Matters spoke with one of the presenters - Paul Ashby of Oxfordshire County Council - about his experience of the event and to garner his insight on implementing an Amazon Business account for ad-hoc spend.
He gave some insightful and informative answers based on his first-hand experience of implementing the system, which will be valuable advice for other organizations thinking of doing the same, maybe as part of a wider digital transformation process. But we also had some other questions up our sleeve which we think readers will be interested in:

ISS makes Spend Flexibility synonymous with Business Agility using Amazon Business

Amazon Business

ISS, a leading global workplace experience and facility management company, provides organizations with every facility solution they might require to support their own core activities. The key to being able to give its customers this total facilities management (TFM) service is ‘agility.’

The ability to respond quickly to customer demand, no matter how small, is something that can really differentiate a service provider in today’s market, and those that want to be a customer of choice must be able to do that. For the Procurement team, that requires sourcing excellence in all that they purchase.

The scale of the purchases involved for a multi-faceted FM outsourcing organization is huge. When a firm has a 100-year reputation of providing a quality service to maintain, and a breadth of services to offer grown out of strategic acquisitions, then standardization and compliance are paramount. One of the areas that historically generates many challenges for Procurement is that of tail spend. Ad hoc spending can go undetected, uncontrolled and become maverick. If a Procurement function wants complete vizibility, then it must also control the tail. Here's how ISS achieved this.

Webinar: Stop Chasing Your Own Tail Spend — Tame It

tail spend

GEP, a global provider of consulting, outsourcing and technology solutions to procurement and supply chain organizations, will hold a webinar Thursday, September 10, to discuss how businesses can get a handle on those costs they can’t always see — the tail spend.

Tackling Tail Spend and Spot Buys (Part 3)

In an analysis of technology for supporting tactical buying requirements, Hackett suggests the following elements to include: tools that review and analyze request patterns, user-friendly […]

Tackling Tail Spend and Spot Buys (Part 2)

Hackett suggests that the largest opportunities for improving process effectiveness for spot, tactical and tail spend buying focus on four areas: complexity and compliance, supplier […]