By Kevin Frechette
Nov. 29, 2018, 7:33 AM
Procurement Practices That Foster Innovation Procurement Practices That Foster Innovation

Most people assume that a career in procurement is all about cutting costs and slashing budgets. This perpetuates the misconception that procurement is It seems like a field where there is absolutely no room for creativity. However, this...

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By Kevin Frechette
Nov. 3, 2018, 10:58 AM
Mapping Out an Adoption Plan for Tail Spend Management (TSM) Mapping Out an Adoption Plan for Tail Spend Management (TSM)

Admittedly, when we first started Fairmarkit, building adoption strategies was an area that was grossly overlooked. Our incorrect assumption was if the technology delivered on the benefits we reviewed with customers, than we’d have rapid...

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By Kevin Frechette
Oct. 27, 2018, 10:36 AM
Bringing Outsourced Tail Spend Management Back In-house Bringing Outsourced Tail Spend Management Back In-house

Should you outsource your tail spend management (TSM)? Wildly fair question. I’m writing about this topic for 2 key reasons. First, I’ve had 5 conversations over the past week with companies in different stages of their outsourced journe...

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By Kevin Frechette
Oct. 20, 2018, 3:55 PM
Deep Dive: Tail Spend Compliance Deep Dive: Tail Spend Compliance

Tail Spend Compliance: An Often Overlooked Issue that Deserves Your Attention Following a great blog from our CEO on The Headcount -- Compliance Tradeoff, we thought we’d take a deeper dive into tail spend compliance. No matter the indus...

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By Kevin Frechette
Oct. 17, 2018, 8:21 AM
4-Way Tail Spend Optimization 4-Way Tail Spend Optimization

All decisions in life are tradeoffs. It could be as simple as going out to dinner with friends versus staying in to save money, to something as important as deciding whether to take a new position at work in a different country versus st...

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By Kevin Frechette
Oct. 9, 2018, 8:16 AM
Let’s Talk Tail Spend KPIs Let’s Talk Tail Spend KPIs
The saying, ”In God we trust, all others must bring data” seems to resonate very well when we start talking about tail spend Key Performance Indicators (KPIs). However, most procurement leaders that I meet with have little to no KPIs for...
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Ready to see how Fairmarkit can help increase your procurement team’s efficiency?
Experience the power of Automated RFQ’s, Reverse Auctions,
and Automatic Vendor Selection. Request your personalized demo, today.
Request a Demo
By Kevin Frechette
Oct. 8, 2018, 10:00 AM
Tail Spend and the Purchasing vs. Procurement Debate Tail Spend and the Purchasing vs. Procurement Debate

Both ‘purchasing’ and ‘procurement’ are terms that signify the process of acquiring goods and services that a company needs. This is the reason why many people mistakenly use these terms interchangeably. Even though they sound like synon...

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By Kevin Frechette
Oct. 4, 2018, 11:13 AM
Managing Tail Spend in Retail Managing Tail Spend in Retail

Moving Toward Better Retail Procurement Running a successful business in this day and age isn’t easy for anyone, but retailers may have it the hardest. Hit with scandal after scandal, including bullying of suppliers, horse meat in beef b...

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By Kevin Frechette
Oct. 2, 2018, 8:09 AM
Tail Spend: Addressing the Headcount – Compliance Tradeoff Tail Spend: Addressing the Headcount – Compliance Tradeoff

Tail spend is spend at an organization that is not strategically managed and typically under $100K per purchase. However, tail spend is not inconsequential, making up 20% of overall annual procurement spend. Because it comprises hundreds...

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Ready to see how Fairmarkit can help increase your procurement team’s efficiency?
Experience the power of Automated RFQ’s, Reverse Auctions,
and Automatic Vendor Selection. Request your personalized demo, today.
Request a Demo
By Kevin Frechette
Sep. 28, 2018, 11:01 AM
Finding Value in Manufacturing Procurement Finding Value in Manufacturing Procurement

Most companies look to their procurement departments to help keep the cost down while maintaining optimal results. This is especially important for small businesses, where even the smallest overspend can spell disaster for the entire org...

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Ready to see how Fairmarkit can help increase your procurement team’s efficiency?

Experience the power of Automated RFQs, Reverse Auctions and Automatic Vendor Selection. Request your personalized demo today.
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