Indirect spend in large organisations typically accounts for only 20% of business expenditure. Yet it can represent up to 80% of the supply chain. However, this spend is often low value and fragmented transactions, making it difficult not only to track spend but to allocate resource to managing these costs.
Effective tail spend management is essential to making this spend go further through cost control and improving bottom-line profits. Partner with Lyreco, and we can help you reduce your hard and soft costs.
Does this sound familiar?
80% of your suppliers account only for 20% of your spend:
- Too many suppliers with small spend
- Non-compliant suppliers
- Workload capacity at maximum
- Lack detailed expenditure visibility
- Fragmented approach to small value spend
We can help you with your tail spend management through our audit services.
The benefits of managing tail-end spend
VISIBILITY
You will take control of your spend visibility, receiving one report in one format rather than dealing with information from multiple sources. This allows you to enrich your supplier data and guide your tail-spend in line with your objectives.
COST
Through increased contract compliance, bulk-buying and less one-off purchases you will see a consistent spend that gives you the best deal for your tail-end spend.
1 SUPPLIER
Having a reduced supply chain means it’s easier for you to manage and monitor contract performance.
COMPLIANCE
We will work with you to increase end-user buy-in. Compliance will increase as users will have access to a vast product range provided in line with online marketplace prices.
E-procurement
Our service offering provides the necessary tools and resources to optimize your costs and simplify your procurement. Regardless of country and technology, our dedicated Lyreco team makes it easy for you to focus on your priorities while we take care of everything.
- Complete ranges of products online
- 100% real time stock availability
From e-catalogues to e-invoices, Lyreco offers seamless integration with any procurement application: Ariba, Commerce, One platforms, Oracle, SAP's EBP/SRM, and others. Our single IT platform facilitates global and local implementation, hence easily extending your e-procurement initiatives. Whatever the document type and protocol, (xCBL, EDI, etc.), you can easily and securely connect with Lyreco.
Continue reading
LOGISTICS & DELIVERY
