Management of the vendor tail spend tends to be a challenging task for most procurement teams. Tail spend management tends to be quite complex and requires a considerable amount of resources, which most procurement teams cannot afford/ lack access to. Thankfully, new digital technologies and automation can address these restrictions and can even cut annual expenditure by up to 10%!
Nick Francis, CTMO and co-founder of Brooklyn Vendor Assurance, breaks down the topic and why automation should be a central focus to your vendor management function in our latest video
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