Group O logo
    • Incentive Marketing Solutions
      • Incentives and Rebates
        • Rebate Management Services
        • Consumer Incentive Program Solutions
        • Channel Incentives
        • Employee Incentives
        • Incentive Platform
        • Digital Payment Solutions
        • Prepaid Reward Cards
        • Rewards
      • Customer Care
        • Call Center Support
        • Digital Customer Support
    • Supply Chain Solutions
      • Third-Party Logistics
      • Inventory Management
      • Order Fulfillment
      • Kitting and Assembly Services
      • Spend Analysis
      • Supplier Management
      • Tail Spend Management
      • Volume Filling
    • Packaging Solutions
      • Packaging Materials
      • Food Industry Packaging
      • Cannabis Industry Packaging
      • Packaging Equipment
      • Parts and Service
      • Packaging Optimization
      • Stretch Film
    • Custom Packaging
      • Child Resistant Packaging
      • Custom Packaging Assessment
      • Packaging Design & Structure
      • Custom Rigid Boxes
      • Custom Flexible Packaging
      • Custom Retail Packaging
      • Custom Folding Cartons
      • Custom Corrugated Boxes
      • Custom Glass Packaging
    • Mobile Device Life Cycle Management
      • Mobile Device Kitting & Fulfillment
      • Mobile Device Testing Services
      • Mobile Device Returns & Dispositioning
      • Value Added Reseller Solution
    • Retail Fulfillment and Logistics
      • Retail Supply Chain Logistics Services
    • About Us
      • Environmental Sustainability
      • Diversity and Sustainability
      • About Us
      • Our Team
      • Clients and Industries
      • Media Resources
    • Blog
    • Case Studies
    • Contact
    • Careers
    • White Papers
    • Client Login
    • News
    • Facebook social icon
    • Twitter social icon
    • LinkedIn social icon
    • YouTube social icon
    • Supply Chain Solutions /
    • Tail Spend Management

    Tail Spend Management Solution Manage your tail off. 866.476.8761

    Let's get started!

    Strategic Tail Spend. Spend Analytics.

    Strategic Sourcing. Reduce risk. Increase visibility.

    Significant cost-saving opportunities might be hiding in the long tail of your supply chain. However, due to its complicated nature and the limited resources within a procurement team, it is difficult to bring this tail spend under control.

    If your company is looking to increase the percentage of spend and suppliers under management, our comprehensive and highly customizable tail spend services might be just what you are looking for! Through a tailored combination of technology and services, we will convert your tail into strategically managed spend.

    Benefits of Tail Spend Management

    What is the Tail Spend? 80% of indirect suppliers account for 20% of your business spend. These suppliers often have unpredictable demand which makes them uncontrolled suppliers creating unmanaged spend. Managing tail spend means you are improving your supply chain.

    Where does the tail come from? The tail can come from a variety of suppliers. Many common categories are Packaging Supplies, Print Services, MRO, and Facilities Management.

    Lower Total Spend

    Streamline Supplier Invoicing 

    Accounts Payable

    We take a strategic spend approach to accounts payable to achieve one invoice with flexible terms that are favorable to your business or organization. This is achieved through our procurement function known as e-Procurement management platform that can integrate with your ERP system to extract strategic supplier information. Once we identify your supplier base, we create supplier profiles in our management software where we track purchase orders, pending invoices, and past transactions.

    We will resolve any discrepancies or issues, and consolidate all information into one invoice. This simplifies your accounts payable process and improves your bottom line by controlling tail spending!

    • Centralize accounts payable.
    • Invoice verification and processing.
    • Consolidated payment terms.
    • Maximize discounts and volume savings.
    • e-Procurement portal with supplier portals.

    Tail Spend Management with Group O

    Create Cost Reduction with Tail Spend Management

    Create Cost Reduction

    Control Maverick Spend

    Purchase Portals

    Maverick spending occurs when purchases are made outside of a negotiated contract or without going through the proper procurement process. When a department or individual purchases materials or services independently, it generally results in a higher purchase price. This probably happens more than you think.

    To better control maverick spending, our procurement professionals have created a highly configurable e-Procurement portal. With purchasing and spend controls, you can establish rules that create spending limits at a user or account level. You can also decide which suppliers and categories users are able to purchase.

    Improve Efficiency

    Manage Suppliers and Inventory

    Inventory Management

    After cleansing the data, we will work to streamline your inventory which includes standardizing part identifications and eliminating obsolete SKUs.

    Supplier Rationalization

    Supplier rationalization, also known as supply base reduction, is the process of reducing the number of active suppliers. The goal is to consolidate spend with fewer suppliers to enable greater buying power and create better relationships with preferred suppliers.

    Supplier Management

    One of the most important aspects of tail spend management is supplier management. Once we have categorized your spend threshold and verified tail end suppliers, we will onboard them into our e-Procurement platform. From there we will continually foster the preferred supplier relationship and monitor their performance.

    • Vetting and onboarding
    • Consolidation
    • Online portals
    • Performance management
    • Save time.

    80% of your spend is your tail Tail spend management

    Spend Analysis as part of Tail Spend Management

    Spend Analysis. Spend Matters.

    Get More Out of Your Data and Create Significant Savings

    To truly understand what is going on with your tail-end suppliers, we will need to perform a spend analysis. Spend analysis enables us to identify how much you are spending with which suppliers and in which categories. It also provides visibility into contract compliance.

    To perform a thorough analysis, we collect supplier data from a variety of resources within your company. After creating a single repository, the data is cleansed for accuracy and spend categories are created. From these categories, we identify cost saving opportunities such as supplier consolidation and modified payment terms.

    • How much are you spending?
    • Who are you spending it with?
    • Are you getting the agreed to product or service?  

    LET'S GET STARTED!

    We'd love to tell you more about your Tail Spend and how to get it under control!

    CONTACT US NOW!

    Given its intricate complexities and the constraints of limited resources within a procurement team, taming tail spend proves to be a challenging endeavor. Understanding tail spend management and all aspects of the supply chain is critical for your business. Our Supply Chain articles can help you understand trends, insights and other important information to take control of your supply chain processes. 

    READ OUR SUPPLY CHAIN ARTICLES

    Group O Integral to Samsung Iconic Launches

    The Complete Mobile Device Life Cycle

    Read full case study

    Ordering Online Customized for Samsung

    Inventory at Your Fingertips

    Read full case study

    Let's Get Started

    Send Me Info About:

    Loyalty Solutions

    Supply Chain Solutions

    Packaging Solutions

    That Work.

    866.476.8761
    • Facebook social icon
    • Twitter social icon
    • LinkedIn social icon
    • YouTube social icon

    Incentive Marketing Solutions

    • Incentives and Rebates

      • Rebate Management Services
      • Consumer Incentive Program Solutions
      • Channel Incentives
      • Employee Incentives
      • Incentive Platform
      • Digital Payment Solutions
      • Prepaid Reward Cards
      • Rewards
    • Customer Care

      • Call Center Support
      • Digital Customer Support

    Supply Chain Solutions

    • Third-Party Logistics
    • Inventory Management
    • Order Fulfillment
    • Kitting and Assembly Services
    • Spend Analysis
    • Supplier Management
    • Tail Spend Management
    • Volume Filling

    Packaging Solutions

    • Packaging Materials
    • Food Industry Packaging
    • Cannabis Industry Packaging
    • Packaging Equipment
    • Parts and Service
    • Packaging Optimization
    • Stretch Film

    Custom Packaging

    • Child Resistant Packaging
    • Custom Packaging Assessment
    • Packaging Design & Structure
    • Custom Rigid Boxes
    • Custom Flexible Packaging
    • Custom Retail Packaging
    • Custom Folding Cartons
    • Custom Corrugated Boxes
    • Custom Glass Packaging

    Mobile Device Life Cycle Management

    • Mobile Device Kitting & Fulfillment
    • Mobile Device Testing Services
    • Mobile Device Returns & Dispositioning
    • Value Added Reseller Solution

    Retail Fulfillment and Logistics

    • Retail Supply Chain Logistics Services

    About Us

    • Environmental Sustainability
    • Diversity and Sustainability
    • About Us
    • Our Team
    • Clients and Industries
    • Media Resources
    • Home
    • Blog
    • Case Studies
    • Contact
    • Careers
    • White Papers
    • Client Login
    • News

    Site Map Legal Notices © Copyright Group O, Inc. 2023. All Rights Reserved.