The old Scottish saying “many a mickle makes a muckle” can definitely be applied to reining in your mid-tail and end-tail expenditure. It refers to looking after the little spends, because they collectively add up to a big spend.
Most companies tend to focus their purchasing efforts on areas where there are large costs, which are typically related to strategic suppliers that provide goods and services at negotiated prices. However, every business has a diverse pool of un-contracted suppliers for low value purchases where cost savings can still be achieved.
Tackling this tail spend effectively is becoming more important for medium and large organisations who want to save time as well as financial resources. In our latest whitepaper 'Tail end spend under the microscope', we look at the problem and the opportunity that lies within.
It includes how n3 can work with your business in the following ways:
Ready to see how your business can reduce costs with the buying power of n3?
Enter your details above to download our whitepaper today!