Tail Spend Management
Tail Spend is any spend not actively managed within your spend categories. These seemingly insignificant items can often lead to significant savings when managed appropriately! Gain strong insights into your tail spend to realize even more savings with Synertrade’s tail spend management services.
Synertrade leverages our knowledge and our customer database knowledge based on over 600,000+ historical events to ensure maximum savings for all events. By collecting your spend data for past two years, Synertrade identifies optimal potential opportunities for savings. After interviewing category owners, Synertrade establishes projects with the highest likelihood of success and compares high likelihood projects with your categories to be targeted. Through all of this, we identify list of projects for Synertrade to source.
Our involvement post analysis can range from complete ownership of the tail spend as a comprehensive outsourced arrangement or we are able to customize our involvement. Arrangements outside of complete outsourcing involve Synertrade developing the RFx for you, performing supplier research and executing auctions. We are also able to leverage our technology to manage the ordering, receiving and payment processing.
A complete turn-key.
Let our extensive experience in in category assessment and deep understanding of project success help you manage your tail spend!