Tail Management is a specialist division of OfficeTeam, providing strategy and consolidation of your long tail supply base.
There are attractive benefits to adopting a tail end strategy. Representing up to 80% of your supplier roster, the ‘tail’ is labour intensive and inefficient. We work as an extension of your team, consolidating these low value, low volume suppliers. You’ll enjoy a range of cost and process savings.
Let us take away the hassle and cost of multiple suppliers.
Typically suited to multi-site businesses with a number of specialist suppliers, we can consolidate tail spend across multiple products and services. This enables simplified procurement, warehousing and logistics processes to bring you significant rewards.
Each year, businesses make millions of purchases that fall under the radar of the procurement function. The spend may be too small to be managed strategically, or the purchases too infrequent.
Cost, risk and digital are the top priorities for procurement teams. With uncertainty and growth being a constant focus in many businesses, it is unsurprising that reducing cost and managing risk are in the spotlight.
Tail spend is a concept based on the Pareto principle, often referred to as the 80/20 rule. The Pareto principle states that, for many events, roughly 80% of the effects come from 20% of the causes.
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