Redefining Tail Spend To Reach Higher Levels Of Procurement
For organizations implementing new procurement systems, tools, and processes to support their long term mission, tail spend management becomes an important category which cannot be overlooked. But what if an organization lacks a systematic method to look after this category? A Japanese pharmaceutical giant was unable to address its tail spend, resulting in a roadblock to complement its new way of working. This case study talks about how Infosys BPM defined the client’s tail spend management (TSM) strategy which helped the client identify potential benefits of $62 million.