Procurement teams are facing new challenges. Purchasing during a time of huge market volatility, not to mention strained budgets and uncertain supply chains requires a steady hand on the wheel. In this article, we start to explore ways how to better manage your tail spend.

The Covid curveball means businesses large and small are leaving no stone unturned in their quest to reduce costs and weather the ongoing economic storm, procurement tech firm Maistro’s newest signing Lawrence Dallaglio believes greater visibility and control over tailspend will play a key part in them achieving their goal.

As we move forward into a new year - from one you may be keen to leave behind - it’s always worth stopping a moment to look back. Take stock. Reflect. As you think about your procurement planning for the year ahead, we outlined some resources to help you on your journey.

The world of digital procurement is a fast-moving and evolving landscape. The opportunities now available to improve the way your organisation purchases goods and services have never been so good, with multiple sourcing and payment solutions on the market. But is your C-suite on board with the desire to change?

Spare a thought for Rishi Sunak. Having set out spending plans amid 11.3% fall in GDP, (the biggest contraction in 300 years) he Government’s Spending Review last month saw the Chancellor forced to layout in stark economic terms, the impact of the past 12 months. 

We know that tackling tail spend is a good way to control costs. But getting control of indirect spend is often easier said than done. In this blog, we're going to explore three key barriers to optimising your tail spend.

Tenders: a lengthy and complex process best used for procuring large contracts? It may be the generally accepted view, but it’s not necessarily the right one. This article will outline why competitive tenders are effective for the procurement of any services - big or small.

‘You need it? You buy it’ - if only procurement was so simple. The reality is, procuring goods - or services - sparks a chain reaction between different departments. The biggest challenge for businesses is to ensure that the process journey runs smoothly and compliantly. So where to start?

Total cost of ownership, or TCO for short, is a term most usually associated with assets, goods and software. Procurement takes the base price of the asset, add the cost of shipping, import duties and warehousing and then finally work out any forecasted costs of managing, repairing or decommissioning the asset through its lifetime within the business.