5 ways to handle your Tail Spend
Is Tail Spend your most expensive business mistake?
Doesn't have to be.
small transactions in a business which individually make up a tiny percentage of expenditure but collectively add up to a huge amount.
Your Business Costs
Regular business expense
smaller, ad hoc expenses
1. Conduct a tail spend assessment
What's not working?
Is this really necessary?
Can I do this quicker?
Can I do this cheaper?
Can I get do this better?
2. Set a budget
Tail Spend adds up to 20% of your annual spend.
That's quite a lot.
It gets scarier when you realise that you aren't actually managing this.
Set a budget. Your accountant will thank you.
3. Appoint a manager
Put control into the right hands
4. Increase transparency
5. Ask the experts
Treat your Tail Spend in the same way that you treat all of your other costs.
Work with people who really have the expertise you're after
Work with blur Group = an online e-commerce marketplace driven to helping you Do Business Better
56,000 brains are better than 1, right?
Manage your Tail Spend.
Buy at blur