Discover how to rationalise your supplier portfolio with our dedicated white paper

While long tail spend accounts for a mere 5% of a company’s procurement, it single-handedly accounts for almost 70% of its hidden costs. This imbalance is due to numerous factors and is often linked to an oversized supplier portfolio, which has a discrete yet certain impact on administrative costs. And with good reason: long tail spend represents on average 75% of a procurement department’s supplier portfolio.

A supplier portfolio rationalisation strategy is needed to optimise this procurement category and make savings, all while strengthening customer-supplier relationships.

Our experts explain the following in our white paper on supplier rationalisation:

How rationalising your supplier portfolio helps optimise long tail spend management

Analysis to carry out on your own supplier portfolio

What are the advantages of supplier rationalisation and the financial gains from strengthening partner relationships?

How a business made annual savings of over €50,000 (approx. £42,750) by rationalising its supplier base