Taming the long tail

Is the key to unlocking procurement value hiding in plain sight?

Report | 3 min read

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One of the greatest opportunities for procurement to have impact lies in long-tail spend, the large volume of lower-value sourcing across an organisation.

It is not uncommon for the long tail to account for 40-60% of procurement spend. And yet, it is often overlooked due to being considered low value and low risk.

Addressing your organisation’s long-tail spend has the potential to add significant business value, mitigate risks, and elevate procurement’s position within the organisation.

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Key Takeaways

Long-tail expenditure often makes up the majority of procurement spend, and over 90% of the volume of sourcing events.
Challenges exist in decentralised procurement due to manual processes hindering data accessibility and compliance.
Procurement software can manage these challenges by providing full visibility of decentralised sourcing and making buyer compliance easy.