The Genpact Data-Led Tail Spend Optimization application creates a data-driven solution to eliminate tail spend. The application identifies transactions that are using the wrong supplier, buying channel, or process for fulfillment, highlighting the cost associated with maverick spend and the opportunity that a company can realize through proper management of rogue transactions. Companies applying these principles to tail spend typically achieve 4–7% savings when redirecting the transaction to the proper supplier, buying channel & potential labor arbitrage.
The tool aggregates transactions based on value, providing a count of suppliers, transactions, and spend in each user-defined segment. Users are provided with the opportunity to apply user-defined addressability factors and savings percentages to each segment, providing estimated impact from eliminating tail spend.
This is where Celonis and Genpact Combine their Strengths
Highlight the complexity in the procurement processes
Quantify the tail spend savings potential
Identify the number of suppliers, transactions, and total spend by spend buckets
Provide insights to reduce the number of tail spend onetime suppliers
Reduce maverick buying
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