Making your spend go further
Make your tail-end spend work harder with optimised costs and simplified procurement.
Indirect spending in many large organisations accounts for only 20% of business expenditure, yet it can represent up to 80% of the supply chain. However, this spend is often low-value, with ad-hoc and fragmented transactions which makes it difficult to track spending as well as allocate resources to managing these costs.
Effective tail management is essential to making your spend go further. Lyreco can assist by reducing your hard and soft costs and can help implement improved cost control to boost your bottom-line profits.
Does this sound familiar?
- Too many suppliers with small spend
- Non-compliant suppliers
- Workload capacity at maximum
- Lack of detailed expenditure visibility
- A fragmented approach to low-value spend?
Let Lyreco help you with a free, no-obligation audit.
The benefits of managing tail-end spend
Visibility
Take control of spend visibility. Receive one report in one format, rather than dealing with a web of information from multiple sources. Enrich your supplier data and guide your tail-spend in line with your objectives.
Cost-reduction
Lyreco’s consolidated supply chain provides enhanced buying power. Through increased contract compliance, bulk-buying and fewer one-off purchases, you will see a consistent spend that gives you the best solution for your tail-end spend.
Supplier Management
A reduced supply chain means easier management and monitoring of contract performance. This refined process allows you to assess whether you’re receiving effective and efficient supply solutions.
Contract Compliance
Our partnership approach includes an easy-to-follow blueprint to implement consistency across all of your sites. We will work with you to build end-user buy-in and increase compliance.
Lyreco will help you make every penny count
We have a tried-and-tested, four-phase approach to supplier consolidation and tail management that makes your spend work harder.
- Conduct stakeholder engagement to understand end-user requirements
- Outline current working practices
- Identify problem categories
- Conduct purchasing volume and price analysis
- Learn more about specific individual business requirements
- Carry out benchmarking to identify potential savings
- Identify equivalent or alternative products that can offer cost savings / superior quality
- Outline potential areas of cost savings and work on a preferred logistic solution
- Develop and create an account management project plan
- Work with key stakeholders to set up online ordering user accounts/integrate platforms
- Deliver end-user training
- Provide regular updates and communication with stakeholders to drive end-user buy in
- Set up and schedule regular account management meetings
- Continuous monitoring of cost savings achieved
- Deliver feedback on the project with an ongoing review of the account to identify areas that can be improved further
One Supplier. One Delivery. One Invoice.
Effective tail management has obvious benefits, but finding the time to do it can be a challenge.
We can help. Lyreco can conduct a free and comprehensive audit with no disruption to your business, and we’ll present the results back to you within 21 days.
Speak to a member of the Lyreco Customer Care Team to discuss Tail Management in more detail.
Consolidation of delivery
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