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Lawrence Dallaglio and Malcolm Harrison discuss tail spend management
July 9, 2021 at 11:30 AM
Described as the “untidy room in the house”, tail spend presents a huge opportunity for efficiencies and savings.  Maistro Director - Lawrence Dallaglio sat down with CIPS CEO, Malcolm Harrison, to discuss thoughts on what forward-thinking professionals can achieve by actively managing their low-value spend.
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Automation - the key to procurement agility
June 28, 2021 at 8:59 AM
To be competitive and efficient in today's market it goes without saying that adopting automation in some guise is almost now a prerequisite. 
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How procurement can help establish resilient supplier networks
June 11, 2021 at 11:11 AM
During the past year, the need for more resilient supplier networks has steadily risen to the top of every CPO's importance list.
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Supply chain leaders lack data and tech for cost-saving decisions
June 1, 2021 at 10:44 AM
In early 2021, IHS Markit conducted a survey with procurement professionals under the title 2021 Supply Chain Insights Global Survey , revealing that "supply chain professionals often lack the tools, data, and platforms needed to diversify their supply chains and optimise their processes."
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Procurement investment on the rise
May 21, 2021 at 8:00 AM
In April 2021, Forrester Consulting conducted a study commissioned by Ivalua with 454 finance, procurement, and supply chain professionals in which they revealed that 50% of organisations are planning to increase their investments in procurement, and 85% recognise that procurement plays a key role in revenue growth.
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Where does the ownership of tail spend sit?
May 14, 2021 at 2:14 PM
Most procurement professionals are aware that tail spend has the potential to hold a lot of hidden value but until it can be managed effectively, extracting that value is difficult. What may also hamper the task of bringing maverick spend to heal, is a failure to understand where the responsibility to do so lies.
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Why transactional data shouldnt just be reserved for strategic planning
May 7, 2021 at 2:00 PM
One of the most important tools for procurement professionals when planning for strategic purchasing decisions is having the ability to access solid and reliable data. But when it comes to making the same decisions with non-strategic and lower-value spend in the tail, oftentimes, swathes of transactional data flows through the process going uncaptured and under-utilised.
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When tail spend planning pays off
April 9, 2021 at 10:00 AM
As we’ve shown through this blog series, getting the process right is key to unlocking the enormous potential of unmanaged spend.
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Contract management importance
Contract management: Why post-award is as important as pre-award
March 26, 2021 at 9:33 AM
Once a complex contract is signed there can sometimes be a natural sigh of relief. But it is important to keep in mind that the process shouldnt come to an end quite yet. Contract management is the single most impactful thing you can do to ensure cost-savings continue to be made in the tail.
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