Tail Spend in Procurement is the term used to describe the small percentage of overall spend that most companies have on their regular purchases. It usually accounts for a very small percentage of overall procurement spend, making it easy to overlook. However, it can also be an important component of your company’s cost savings if managed properly. Tail Spend in Procurement refers to low-value transactions that occur infrequently and with low volume. While these transactions typically account for only a small portion of a company’s spend, proactively managing them can lead to real savings. This process involves understanding total tail spend, assessing current procedures, developing strategies to minimize costs, and leveraging technology for data analysis and smarter spending decisions.