Tail spend is a major, often overlooked source of savings. In fact, collectively, tail spend might represent your largest supplier. As CFOs increasingly seek cost reductions, optimizing tail spend presents a significant opportunity to impact financial goals. However, managing it presents challenges: poor data visibility, low-volume orders, time-sensitive needs and unique specifications.
We tackle these obstacles with field-tested methods and AI-powered tools. Our approach delivers sustainable results and meaningful cost reductions. By transforming tail spend into an operational advantage, we help leading companies achieve significant savings and streamline procurement operations.
Why Choose GEP?
GEP has helped dozens of leading companies turn their tail spend into an operational advantage. Our methodologies are custom configured to your organization’s existing processes, organization, and systems nuances. Designed to rapidly deliver sustainable positive cash flow, you start seeing savings fast.
Cleansing and classification of data from a variety of source systems using our state-of-the-art spend analysis tool to identify the true tail spend.
Deep-dive analysis within the tail spend to reclassify the tail and identify appropriate strategies to tackle the spend at a category or supplier level.
Reducing maverick buying at source by implementing online and punch-out catalogs, P-cards and improved compliance reporting. GEP SMARTTM, our powerful procure-to-pay platform, allows you to easily implement catalogs and provide a delightful buying experience to users.
Accelerated execution of identified opportunities that includes bringing tail-spend purchases into the purview of existing contracts and leveraging GEP’s knowledge base of category data, RFQ templates and RFx/Auction tools for faster sourcing.
A highly efficient “buy desk” to extract value from each purchase at the point of requisition — these teams use a variety of tools and methodologies to balance cost savings and business criticality for every purchase.
Our partner, GEP, helps us get after a lot of our tail-spend... with people that have expertise to make it go.
Global Chief Procurement Officer, Kellogg's
Advanced Technologies at the Core
Intelligent Automation
Leverage AI to automate the management of high-volume, low-value transactions so you can refocus your efforts on strategic activities.
Real-Time Data Insights
Leverage advanced analytics for a granular view of spending patterns, supplier performance and potential risks.
User-Friendly Interface
Engage with a platform designed for ease of use that simplifies tail spend management.
Risk Mitigation
Stay ahead of potential disruptions with proactive risk management tools and early warning systems.
