| Why nView TSO?
Tails spend in a simple pareto is the 80% of suppliers that make up 20% of the overall spend
with a businesses supply base.
Conversely strategic spend (or suppliers) are the 20% (or less) that make up 80% of the
overall spend with a businesses supply base.
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Naturally procurement professionals go after the strategic spend to structure deals for best value.
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As a results Tail Spend often goes un-watched and un-addressed
falling in a “too hard” or
“too much time” required for
“little value returned” bucket.
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Risk Mitigation: Through our service we can help mitigate risks associated with long tail spend, such as inconsistent pricing, off contract purchasing, and supplier non-compliance. By establishing clear contracts and pricing agreements, we provide clients with greater visibility and control over their procurement activities.
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