In the face of extreme pressure to protect margins, supply management teams are taking a fresh look at the opportunities for savings within their non-strategic spend. Although the “long-tail” spend on parts and suppliers is usually too small bore and time-consuming to generate commodity management, advances in AI and process automation are producing significant savings within this largely ignored segment. This panel discussion with analysts and practitioners explores this new approach to generating non-forecasted cash – which could offer a lifeline to manufacturers in 2020.
As people are looking for concrete advice during the Covid-19 threat, LevaData is hosting a virtual panel on opportunities for Long Tail supply management savings. This will be a “thought leadership” discussion about the possibilities for improving non-strategic spend management, evaluating a range of opinions.