Tail-End Spend Management: Challenging, but Rewarding
Cost reduction has always been a prime concern for organizations across the globe. Today’s increasingly stringent economic environment is further aggravating this challenge, pushing organizations to maximize savings from their cost base.
In the past, traditional techniques of spend management have been instrumental in driving cost savings in procurement. Organizations started with optimizing direct spend and then, over time, moved to indirect spend as well. They invested a large propor...
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