Tail Spend Management in Financial Services
For procurement departments in financial services, risk mitigation is as important as cost control. Learn more about Fairmarkit's views on a recent study by Proxima regarding procurement in the financial services industry.
Fairmarkit & VSP Global at SIG Spring 2018
Fairmarkit discusses the challenges of tail spend and how VSP Global is solving this problem with Fairmarkit's tail spend solution.
Tail Spend Management Fundamentals
Procurement processes for tail spend management are outdated and, in most ways, have not entered the digital age.
MBTA Achieves 8% Average Cost Savings Through Fairmarkit
6 Things Every CPO Should Know
Fairmarkit recently sat down with Michael Cadieux, the former Chief Procurement Officer for Publicis Groupe.
Overcoming Challenges for the Modern Procurement Leader
Today, business leaders must accept the pace of disruption and innovation that technology provides, or be left behind their competition.
Interview with a Non-Profit Procurement Professional
Fairmarkit had a chance to speak with Mark Spencer, Senior Manager of Global Procurement and Logistics at Mercy Corps.
Define the Relationship Series – CPO & CFO
Learn about the relationship between procurement and Finance, Marketing, IT, and Operations.
Tail Spend: Is Managing 80% of Your Procurement Spend Good Enough?
What is tail spend? Why is it a problem for so many procurement teams?
Building A Procurement Department
As a growing tail spend company, we know that a successful procurement team is essential for any thriving business. And we couldn’t help but wonder, how would a leader like you build a procurement department from scratch, if given the opportunity? We reached out to a team of experts to share valuable experience and knowledge within their respective industries. In this eBook, they take you through actionable steps for the first 100 days of the process.
Selling the C-Suite on Tail Spend
We must sell the C-suite on the importance of tail spend because every procurement dollar matters.
Define the Relationship Series – CPO & CIO
Join Fairmarkit as we explore procurement’s relationships across other business units and departments
MBTA Case Study: Increased Supplier Diversity and Tail Spend Cost Savings
Through their partnership with Fairmarkit, the Massachusetts Bay Transportation Authority (MBTA) dramatically increased supplier diversity and cost savings.
Define the Relationship Series – CPO & CMO
With a little understanding and improved communication marketing and procurement will be able to better realize the others’ value and forge an enhanced partnership in the digital age.
Univision Case Study: The Cost Benefits of Bringing Tail Spend Management In-House
Through Univision's partnership with Fairmarkit, they were able to see an immediate ROI and eliminate their offshore team.
Webinar: Outsourcing Your Tail Spend Management Isn't Effective
Tail spend makes up 20% of the average company’s overall annual procurement spend and involves interaction with 80% of a company’s vendors. As a result many companies hand it off business process outsourcing (BPO) companies, but in the long term this approach is both ineffective and costly.
Oracle & Fairmarkit Partnership
Learn about our key takeaways from the Oracle - Fairmarkit partnership.
Establishing Procurement as a Trusted Adviser
In order be seen as a trusted adviser, procurement needs to develop a plan to build their brand, find champions and communicate their value.
Outsourcing Tail Spend Management Isn't Effective
Are you currently outsourcing your tail spend management? Download this white paper to learn more about how bringing outsourced tail spend back in-house can deliver significant cost savings.
Increasing Transparency in Tail Spend
Our take on a recent working paper regarding transparency in procurement published by adademics from Indiana University and Stanford.
YETI Case Study: Greater Competition Generates Tail Spend Savings
In YETI’s work with Fairmarkit, they were able to realize an immediate cash savings, dramatically increase their supplier base, gain visibility into their supply chain and reduce risk.