Identifying and minimizing tail spend
Optimizing tail spend is a major area of impact for procurement departments, but for many it seems like an unattainable goal. Learn from Walter Charles and Greg Tennyson, two experts in procurement, as they outline the keys to identifying tail spend and the benefits of having a sound management strategy.
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Walter Charles, formerly Chief Procurement Officer at Biogen—and former CPO at Kraft, Kellogg’s, and J&J—has the unique perspective of serving on supply-chain leadership teams and leading procurement transformations across biotechnology, consumer packaged goods, pharmaceutical, and medical device businesses. Walter holds an MBA from Columbia University and an M.Eng. from Stevens Institute of Technology.
SVP of Strategy & Procurement at Fairmarkit. Former CPO & VP, Corporate Services at VSP Global (2013 to 2021). Prior CPO and VP S2S at salesforce.com (2008 to 2013) and Oracle Corporation (1998 to 2008). M.Sc. Management from Saint Mary’s College of California with professional credentials from SIG, NAPM and NCMA. 2018 Hall of Fame inductee into SIG. 2019 CPO of the Year, Ardent Partners.
Kevin Frechette is the CEO and Co-Founder of Fairmarkit, the intelligent sourcing platform. He’s spent the last 3 years meeting with hundreds of procurement and supply-chain executives from every industry to learn how they view and approach tail spend management. His core focus is on understanding how procurement can be transformed using data, automation, analytics, AI, and machine learning.
