{"id":20481,"date":"2024-06-18T09:52:23","date_gmt":"2024-06-18T09:52:23","guid":{"rendered":"https:\/\/ceostrategy.media\/?post_type=executiveinsights&p=20481"},"modified":"2024-06-18T10:51:10","modified_gmt":"2024-06-18T10:51:10","slug":"sdi-international-delivering-tail-spend-excellence","status":"publish","type":"executiveinsights","link":"https:\/\/ceostrategy.media\/blog\/executiveinsights\/sdi-international-delivering-tail-spend-excellence\/","title":{"rendered":"SDI International: Delivering tail spend excellence\u00a0"},"content":{"rendered":"\n

SDI International\u2019s<\/a> Brendan Curran and Joaqu\u00edn Morales discuss empowering procurement innovation and the importance of effective tail spend management. Plus, how its Master Vendor programme transforms the function <\/strong><\/p>\n\n\n\n

In a world of greater complexity and risk, technology adoption and digitalisation, and an ever-evolving compliance and regulatory environment, procurement teams still grapple with a constant challenge: cost reduction. Which is why tail spend management \u2013 often overlooked and unmanaged while procurement focuses its attention on strategic, high-spend categories \u2013 is so important. Taking effective control of costly, one-off buys and high-volume, low-value purchases involving numerous suppliers can deliver 5% to 10% of cost savings.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

But tail spend, by its nature, is complicated. It requires significant focus to effectively manage high volumes of data, often has a perceived lack of strategic importance. Tail spend lacks visibility, involves vast numbers of transactions and many product categories. It can also bring potential compliance risks because of poor onboarding processes or inconsistent terms and conditions.  <\/p>\n\n\n\n

Tackling the problem can be hard. But, according to SDI International, it doesn\u2019t have to be. The organisation, one of the world\u2019s largest diversity and woman-owned procurement outsourcing and technology providers, delivers industry-leading holistic tail management solutions. Based on a successful formula SDI simplifies, digitalises and innovates. Its Master Vendor programme provides procurement teams looking to tackle their tail. It offers a one-stop solution that leverages the latest technologies. Its solution handles supplier onboarding and on-time payment, and manages the entire tail supply chain, stakeholder servicing and escalations. The result is a procurement department better able to drive cost saving, efficiencies, and more strategic outcomes…  <\/p>\n\n\n\n

Read the full story here!<\/em><\/strong>\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SDI International\u2019s Brendan Curran and Joaqu\u00edn Morales discuss empowering procurement innovation, the importance of effective tail spend management<\/p>\n","protected":false},"author":18,"featured_media":20486,"template":"","categories":[4,5,190],"tags":[76,127,63,685],"acf":[],"yoast_head":"\nSDI International: Delivering tail spend excellence\u00a0 - CEOstrategy<\/title>\n<meta name=\"description\" content=\"SDI International\u2019s Brendan Curran and Joaqu\u00edn Morales discuss empowering procurement innovation and effective tail spend management\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SDI International: Delivering tail spend excellence\u00a0\" \/>\n<meta property=\"og:description\" content=\"SDI International\u2019s Brendan Curran and Joaqu\u00edn Morales discuss empowering procurement innovation and effective tail spend management\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ceostrategy.media\/?post_type=executiveinsights&p=20481\" \/>\n<meta property=\"og:site_name\" content=\"CEOstrategy\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-18T10:51:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ceostrategy.media\/wp-content\/uploads\/sites\/4\/2024\/06\/SDI.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ceostrategy.media\/?post_type=executiveinsights&p=20481\",\"url\":\"https:\/\/ceostrategy.media\/?post_type=executiveinsights&p=20481\",\"name\":\"SDI International: Delivering tail spend excellence\u00a0 - 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