Tail spend management is often overlooked but represents a significant opportunity for cost reduction and efficiency improvements. In fact, SSON R&A finds that only 30% of indirect spend is classified to a sufficient level for strategic sourcing. In this session, we will delve into cutting-edge techniques for uncovering and addressing the hidden costs in your tail spend. Discover how to harness data and implement innovative strategies to transform your procurement processes and achieve substantial savings. Tangible takeaways include: 

• Learning how to pinpoint and classify tail spend effectively to uncover hidden savings opportunities. 
• Exploring actionable strategies to manage and streamline tail spend, enhancing overall procurement efficiency. 
• Utilizing data and analytics to drive smarter decisions and optimize your procurement strategies, leading to significant cost reductions.