OFF-CONTRACT SPEND MANAGEMENT (TAIL SPEND)

GET CLARITY ON YOUR TAIL SPEND WITH A SINGLE SUPPLIER

Through active years of serving some of the worlds prestigious companies, we developed the single creditor model in managing your pool of C-Class suppliers.

Low value spend tend not to be actively managed. It consists of small portions of spend usually between 10-20%, but large number of suppliers are responsible. It usually accounts for 80% of the total transaction, making up about 20% of company’s spend by volume.

YOUR TAIL SPEND IN ONE PROVIDER

The 80/20 rule or the Pareto principle: Procurement departments always have more incentive to focus on large, multi-year contracts because of the larger savings realized. Yet this leads companies to basically ignore almost 20% of their budget. This unmanaged spend is a more traditional definition of tail spend and is typically considered the 80% of transactions that constitute 20% of a company’s spend, otherwise known as the Pareto principle. Some organizations may be at 70/30 or 90/10 but the pattern is generally the same.

Purchasing-process

Managing your 20% to unlock its hidden benefits is what we represent to you. Such costs are usually:

  • Off-Contract
  • Low value/volume
  • Maverick
  • Spot buys
  • Uncontrolled

Simplify your non-contractual purchases with COPS

Screens-Cops

A simple one-stop place with consolidated catalogues of trusted manufacturers bring you endless products at the press of a button.

COPS

Tail spend automated in COPS

The single tool for your entire tail spend, access to an endless list of products. This can be customized to your specification

BENEFITS

  • One supplier managing multiple (Single creditor model)
  • Invoice and supplier base reduction by up to 80%
  • More time for strategic procurement
  • Get a grip on the overlooked cost
  • Decrease internal cost up to 20%

WHAT OUR PARTNERS SAY

  • Easy to implement and very convenient.
  • Reduction of invoices and suppliers by up to 80%
  • Ample time for strategic planning
  • Control over what was ad-hoc previously
  • Decline in internal cost up to 20%

 

ADVANTAGES OF THE SINGLE CREDITOR

  • One supplier managing several vendors.
  • Decline in invoice and supplier base of up to 80%
  • Drop in internal cost.
  • Ample time for strategic procurement.

RELATED SPECIALTies

CONTACT US BELOW FOR FURTHER DISCUSSION ON THE SINGLE CREDITOR MODEL

Mail us : support@lynchcapitalgh.com

Call us : +233 540 624 214

Or leave your contact, we will call you back

OUR CLIENTS