Responsibilities

Tail Spend Analysis and Segmentation:

o Analyze tail spend data to identify patterns, opportunities, and risks.

o Develop and implement strategies to optimize tail spend.

o Segment tail spend by category, volume, and frequency for focused management.

Procurement Process Optimization:

o Standardize and streamline purchasing processes for low-value, high-frequency items.

o Implement process improvements to reduce inefficiencies and manual processes.

o Automate and digitize tail spend transactions wherever possible to improve visibility and control.

Supplier Management:

o Develop and manage relationships with tail spend suppliers.

o Negotiate contracts for non-strategic purchases to ensure favourable terms and conditions.

o Work with key suppliers to drive cost reduction initiatives and improve service levels.

Compliance and Risk Management:

o Ensure that tail spend purchases comply with the organizations procurement policies and standards.

o Identify and mitigate risks associated with unmanaged or poorly managed tail spend.

o Establish and enforce guidelines to maintain compliance with ethical sourcing practices.

Reporting and Performance Metrics:

o Develop and track key performance indicators (KPIs) to monitor tail spend performance.

o Prepare regular reports on tail spend trends, savings, and supplier performance.

o Provide insights and recommendations to senior management based on analysis of tail spend data.

Collaboration and Stakeholder Management:

o Collaborate with internal departments (e.g., finance, operations, legal) to ensure tail spend management aligns with business objectives.

o Provide support and training to internal stakeholders on best practices in managing tail spend.

o Act as a liaison between departments to ensure smooth communication and efficient execution of tail spend strategies.

Continuous Improvement:

o Stay informed about market trends, procurement best practices, and industry benchmarks.

o Drive continuous improvement initiatives in tail spend management to ensure maximum value for the business.