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.
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.
Managing your 20% to unlock its hidden benefits is what we represent to you. Such costs are usually:
A simple one-stop place with consolidated catalogues of trusted manufacturers bring you endless products at the press of a button.
The single tool for your entire tail spend, access to an endless list of products. This can be customized to your specification
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