Tail spend
From EverybodyWiki Bios & Wiki
Tail spend is defined as the 80% of purchases that makes up 20% of the procurement budget, generally based on the Pareto principle.
Managing tail spend is often considered challenging because the purchases can be too small, inexpensive or infrequent to be included in procurement systems.[1]
References[edit]
- ↑ Accenture. "Getting a Grip on Tail Spend" (PDF).
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