Consolidate your tail spend with one supplier
Corlido Group is the expert in tail end spend management. We developed a single-creditor-model. Get rid of redundant suppliers and replace the large pool of c-suppliers by one supplier, Corlido Group.
Request adviceTail spend management
Tail spend management is managing the c-suppliers in order to optimise the procurement process.
Tail end spend management is based on the Pareto principle, also known as the “80/20 rule”. The Pareto principle states that, in many cases, about 80% of the output is a result of 20% of the causes. This principle can also be applied to supply chains, whereby:
“80% of suppliers is represented by 20% of the procurement costs.”
This 20% of your costs is what tail end spend is, also known as the ‘long tail’. Characteristics of tail spend are:
- Non-contract purchases
- Uncontrolled purchases
- Low value/low risk
- Low volume
- Spot buys: Ad-hoc and one-off purchases
- Declarations
Digitise the tail spend with COPS
The procurement tool for the entire tail spend. Access an endless assortment in one single tool.
Request a demo of COPS
Advantages of tail spend management
- One supplier, managing thousands for you (single-creditor-model).
- Invoice and supplier base reduction at up to 80%.
- More time for strategic procurement.
- Get a grip on the tail spend.
- Decrease internal costs and save up to 21%.
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