Sourcing Modernization: Two Solutions for One Goal

Posted: 11/04/2021 - 09:00
Sourcing Modernization: Two Solutions for One Goal

In the midst of global disruption, fluctuating demand and supply has driven industry leaders to hold sourcing events more frequently amid the chaos.

While supply chain challenges continue, it is crucial that businesses equip themselves with tech that allows for both standard and complex sourcing events. This is especially true as the need to drive non-cost objectives around sustainability initiatives, delivery speed and more rises.

How Print E-Sourcing Helps Tame the Tail

Posted: 06/19/2019 - 06:16

Managing tail spend has been a major topic of discussion among sourcing professionals for at least the past two decades. In most companies, external spending has a Pareto-like distribution – the largest 20% of suppliers (by dollar volume) typically account for about 80% of the total external spend. Tail spend is generally defined as the 20% (or so) of the total external spend that is attributable to the smallest 80% of suppliers.

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